As expected… We have seen vertical crash in Nifty and Bank Nifty along with it major stocks too crashed vertically
Have a look on it!!
Nifty Future… Below 7960 our target was 7911---7860 and then free fall. It crashed vertically and made a low of 7751.40 and settled at of last trade at 7792.
Bank Nifty Future…. Below 17090 our target was 16826---16760 and then free fall. It crashed vertically and made a low of 16455 and settled at of last trade at 16545.
We exited in IDBI at 59.00 as we feel the nerve of the market. After that it cracked to 56.35 mark
Still need trial… Need not to worry. Watch More
India stocks were lower after the close on Tuesday, as losses in the Banking, Metals and Real Estate sectors led shares lower.
At the close Nifty lost 2.33% to hit a new 6-months low, while the Sensex index fall 2.23%.The best performers of the session were Bajaj Auto Limited which rose 0.77% at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. added 0.33% and Ambuja Cements was up 0.19% in late trade. The worst performers of the session were Punjab National Bank which fell 6.94% at the close. Bank Of Baroda declined 6.63% and Kotak Mahindra Bank was down 5.82%. Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1217 to 204 and 9 ended unchanged; on the Bombay Stock Exchange, 632 fell and 112 advanced, while 2 ended unchanged. The India VIX, which measures the implied volatility of S&P CNX Nifty options, was up 16.76% to 28.7175 a new 52-week high.
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
What to do in Bank nifty today...
Bank Nifty future... 16400 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
JSW Energy… Yesterday it crashed vertically and made a low of 68.45 and settled with a loss of 8.02%
Below 68.40… will see further panic till 65.50---63.00 mark in today’s trade
On rise sell it!! Stop loss only to our subscriber
Our 2nd Pick
Apollo Tyre… Crashed and made a low of 168.40 and settled at as of last trade with a loss of 6.91%
Decisive break and sustain below 168 will take to 163---158 and then to 153 mark. 150 act as major support. Three consecutive closes + weekly close below 150 will see free fall in days to come
Will it take U- Turn from lower levels???
Let’s see what will happen today… Anything seems will update during market hours
