Yesterday…. We have seen negative bias trading in Nifty and
Bank Nifty. Nifty slipped 100 points and Bank Nifty almost 500 points. We
clearly indicated day before yesterday that market looks weak on charts.
Below 8222.... Our target was 8183---8155. It slipped and
achieved our target very well.
Our sell call in Lupin proven great. Told to sell around
2000. It crashed vertically and made a low of 1888.
Oriental Bank.. Slipped from 140---135. Target intact
131---128. Revise stop loss at cost to cost.
Still need trial... need not to worry!! Watch more
Now what next for today??
Today is expiry day and we will expect high volatility in
it. So traders can trade safely with levels only. We will square up all
position today and fresh entry will initiate from tomorrow onwards
Nifty future has support at 8090. Below 8143, Nifty could
test 8122---8093. More and more panic will see only close below 8090 mark else
it could test 8183---8222 again. Trade safely with levels only.
Nifty and Bank nifty struggle at upper levels and could see
sharp downside move in days to come. Change in lot size of 5L per scrip will
affect market. So traders remain cautious and trade safely. More will update
during market hours.
Today's top pick
Adani Port... Purely Intraday. Sell it around
302----303 for the downside target of 290.
Stop loss 308
More will be update on our Android App. Download
it now on Google play store.
