Yesterday... we have seen range bound
trading in Nifty and Bank Nifty though traded with negative bias. No charm
seeing in it. So trade with levels only.
Engineering India proven great and made
a high of 208. Holding long from 192 mark
Rcom and Jindal Steel continue to rise.
Look at Shriram transport finance too.
Still need trial... need not to worry
at all. Watch more
Nifty
Nifty future has support at 8090 and resistance at 8150. Below 8090 will see panic till 8055---8020 and then to 7960 mark. Further downside panic seen only close below 7930 level else it could test its resistance level of 8150 again.
Close above 8150 will see further upside rally till 8190---8205 and
then to 8255 mark. More and more power only weekly close above 8255 level.
On the other hand.. Bank nifty has
support at 17450----17280 and resistance at 17870. Traders can trade in a range
with strict stop loss and wait for confirmation
Be cautious in Nifty and Bank Nifty at lower levels... Any
sharp panic will be buying opportunity in it but trade with levels only.
Anything seems will update.
Equity picks of the day will be updated during trading hours so keep visiting our blog!!
Happy Trading!!
