Yesterday… we have seen choppy session in Nifty and Bank Nifty
though traded with negative bias
Have a look on it!!
India
stocks were lower after the close on Wednesday, as losses in the Power, Public sector and Banking sectors led
shares lower. At the close in NSE, the Nifty declined 0.88% to hit a new 52-week low, while the Sensex index
fell 0.95%. The best performers of the session on the Nifty
were Tech Mahindra Limited which rose 4.63% or 23.70 points to trade at 536.00
at the close. Meanwhile, Idea Cellular Ltd added 3.41% or 5.10 points to end at
154.50 and UltraTech Cement Ltd was up 2.15% or 60.90 points to 2895.00 in late
trade. The worst performers of the session were Bharat Heavy Electricals Ltd. which
fell 5.17% or 11.25 points to trade at 206.50 at the close. Punjab National
Bank declined 3.89% or 5.25 points to end at 129.55 and Oil And Natural Gas
Corporation Ltd was down 3.80% or 8.90 points to 225.20. The India VIX,
which measures the implied volatility of S&P CNX Nifty options, was down
7.20% to 26.6500.
Now what to expect
today....
Nifty future... 7720---7660
act as support. Three consecutive closes + weekly close below 7660 will see
free fall in days to come else could take U- Turn
Bank Nifty future... 16200---16050 act as support. Three consecutive closes
+ weekly close below 16400 will see free fall in days to come else could take
U- Turn
We will expect Nifty and
Bank Nifty to trade in a range as all eyes on FOMC meet which is scheduled at17th
September 2015. Till then traders can trade in a range with strict stop loss
and wait for confirmation
Indian political factor
create choppiness in the market. Be cautious at lower levels… More trading
levels will update during whatsapp and via SMS to our subscribers
Today's Pick
Above 382… catch it with
stop loss of 366 for the initial target of 412---418
Our 2nd Pick
CEAT… Yesterday it skyrocketed
and made a high of 1142.65 and settled with a gain of 6.12%
Looks positive and could
test intraday target of 1170---1205+ mark.
In panic will buy… Stop
loss ???
Investment Pick only for our
subscribers.... More levels and updates during market hours
