Nifty... As mentioned in our yesterday blog update it took
the support level of 7660 and bounced back sharply. Pur buy call in Nifty above
7750 proven great and hit 7889 mark.
Yesterday we clearly indicated to our subscribers that don't
jump and sell Nifty at opening bell.
Now what to expect today?
7710---7660 act as support in Nifty while 7890---7920 act as
resistance
Today we will expect range bound trading in Nifty future...
Below 7850 we will expect panic in Nifty future till
7780---7750 and then to 7710 mark again. Fresh selling can initiate only weekly
close below 7660 mark.
Well above 7920... we will expect dead cat bounce again till
7960---7985 and then to 8030.
8060 act as major hurdle
Trade with levels only.......
Top pick of the day
Buy Atlas around 225---220. Stop loss 200. Target 255+
