World market is down more.. All are in red. Dow Jones -1.61%, S&P500 -2.05%, Nikkei -1.32%, CAC -2.66%, FTSE -2.46%, DAX -2.12%, Dollar Index -0.30% at 95.9560, EURUSD 0.42% up at 1.12377. On the other hand, Gold down 1.09%, Silver down 3.53%, Copper down 1.32% and Crude oil down 2.45% ( As per 11PM IST, Monday)
As expected… Nifty unable to breach its
resistance level of 7940 and crashed vertically to 7817.80 mark. Below 7860…
our target was 7833---7811 mark
Hope you all are trading with levels only
Our buy call in TCS… From 2550 to 2619, Jubliant
Food… From 1616---1663 proven great and adding lot in every panic as SIP in
Coal India and Star
Still need trial… Need not to worry. Watch
More
India stocks were lower after the close on Monday, as
lost in the Consumer Durables and Technology sectors led shares lower. At the close
in NSE, Nifty lost 0.81%, while the BSE Sensex 30 index lost 0.88%. The best performers
of the session on the Nifty were DRREDDY,
which rose 5.57% as of last trade at 4191.25. Meanwhile, IDEA added 2.55% and
Lupin was up 2.20% in last trade. The worst performers of the session were Tata Motors, which fell 6.06% or to last trade at 285.
VEDL declined 4.60% and Sunpharma was down 3.46%. Rising stocks outnumbered
declining ones on the India National Stock Exchange by 766 to 655 and 15 ended
unchanged; on the Bombay Stock Exchange, 409 rose and 345 declined, while 1
ended unchanged.
Now what to expect today....
Below 7833… we will see panic till 7793---7753
mark. Further panic will see only close below 7750 mark. Two consecutive closes
below 7750 will see further downside panic till 7680---7640 mark else it could
test its resistance level of 7860 and then to 7903---7933 mark.
Further upside rally seen only close above 7940
mark
Above 7940… we will expect rally in Nifty
future till 7973---7989 and then to 8030 mark.
What to do in Bank nifty today...
Below 17056… we will see panic till
16884---16756 and then to 16580 mark. Further panic will see only close below
16550 mark else it could test its resistance level of 17450 again
Above 17450… we will expect rally till
17670---17733 and then to 17988 mark.
18030 act as major hurdle
Today's Pick
Rcom… As you all know that we are still holding
short. Now it has support at 63.50 and resistance at 66.50. Once break and
sustain below 63.50 will see further panic till 61.00---58.50 mark in days to
come
Hurdle and stop loss intact 66.50
Our 2nd Pick
OIL… Sell
it on rise. We will expect panic till 414. Once break and sustain + close below
414 will see free fall in it
Stop loss and more detail only to our
subscriber
Investment Pick only for our subscribers.... More
levels and updates during market hours
