Yesterday.. Nifty future punch a new high of 8723. Nifty
future opens at 8399.85 but unable to sustain and slipped again.
Now what to expect today
Nifty future has support at 8250. Below 8250 will see
further panic till 8220----8190 and then to 8150 mark. More and more panic will
see only close below 8090 mark else it could test 8290. Three consecutive
closes + weekly close above 8290 will see skyrockted till 8380---8450+ mark in
days to come.
On the other hand.. Bank nifty has support at 17800---17500.
Close above 18000 will see nonstop rally till 18400---18650 mark else it could
test its support level of 17500 again.
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..
Oriental bank.. Sell it. Last close 137.60. Below 140 will see mindblowing panic till 131---127 mark.
On rise sell it!! Stop loss 149
More will be update soon!!
