Last week, Nifty future made a fresh high above 8300 mark. We continue
to hold Nifty and Bank Nifty long call.
Our buy call in Axis Bank.. Coal India.. ITC proven great. Still we are
holding long our all recommended stocks.
Now what to expect today!!
Nifty
Nifty future has support at 8220. Three consecutive closes + weekly
close above 8280 will see skyrocketed till 8380---8450+ mark in days to come
else it could test its support level of 8220 and then to 8150---8090 again.
Further panic seen only weekly close below 8090 mark.
Bank Nifty
On the other hand.. Bank Nifty has support at 17800---17500. Close above
18000 will see nonstop rally till 18400---18650 mark.
Fresh selling can initiate only close below 17500 mark
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.
Today's top pick
ITC.... We are holding long from 342--348.
Still looks positive and could test 363. Close above 363
will see further upside rally till 369---374+ mark in days to come.
Revise SL of 350
2nd top pick will update during market hours on our Android App.
