Yesterday... we have seen blood bath in global markets. Nifty too crashed more than 500 points. Panic is expected but this type of horrible panic... Who can predict.
We clearly indicated that below 8460... Do fresh sell and we will expect panic selling below 8283 mark. Nifty and Bank Nifty made a low of 7771 and 16680
Have a look on it!!
Our sell call in Jindal steel... Crashed and made a low of 64.65. We recommended selling around 69---70 mark
Look at Rcom... Our sell call proven great and breached 50 mark. We are holding short from 69 mark
Our sell call in Castrol India, Tata motors, PTC, Reliance Infra, Mind Tree, Steel sector,... All crashed vertically
Now what to expect today....
China has been a major contributor to economic growth and low global inflation for more than two decades but tonight, investors around the globe are catching their breath after one of the worst day’s trading in many years. They’re now pondering whether today marks the start of a new and alarming phase of the crisis which began some eight years ago.
India stocks were lower after the close on Monday. At the close in NSE, the Nifty future fell 5.92% to hit a new 6-months low, while the Sensex index fell 5.94%. The worst performers of the session were Vedanta Ltd which fell 14.27% at the close. Cairn India Limited declined 13.23% and TATA STEEL LIMITED was down 13.13%. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1401 to 31 and 5 ended unchanged; on the Bombay Stock Exchange, 715 fell and 32 advanced, while 3 ended unchanged.
Nifty
future... Below 7770 once again we will expect Nifty future to turn in to red and
likely to test 7713---7669 and then to 7601 mark. More and more weakness
will see only
close below 7601 mark.
While above 7850, once again we will expect dead cat bounce in Nifty future
till 7913 and then to 7963---8028 mark. More power will expect
only close above 8028 level.
What to do in Bank nifty today...
Bank Nifty future.... Below 16680 we will see further downside panic in Bank Nifty future till 16430---16280. More and more panic will see only sustain and close below 16280 mark
Well above 16860... we will see dead cat bounce in
Bank Nifty future till 16986 and then to 17076---17169+ mark.
More and more power above 17500 mark
Today's Pick
Ceat Tyres...
Yesterday it made a low
of 1000.20 and settled with a loss of 12.01% as of last trade at 1027.50
Below 1000... we will see further sharp panic till 963---938 mark in days to come
Any sharp rise will be selling opportunity!! Stop loss only to our subscriber
Our 2nd Pick....
Jindal Steel... Once again it looks weak on charts. It made a low of 64.65 and bounced back again to 67.50
Still looks weak and could test its support level of 64.00. Close below 64.00 will see sharp downside panic till 59---56.50 mark
