Last week we have seen negative bias trading in Nifty and
Bank Nifty along with it too many stocks crashed vertically. We clearly
indicated that more than 60% stock looks weak on charts.
Our sell call in ITC proven great and made a low of 329. We
recommended selling around 237--239 mark
On Friday we recommended buying in JSWSTEEL to our clients
and trial traders around 890. It flared and made a high of 918.
Still need trial... Need not to worry at all. Watch more!!
Now what to expect???
Nifty has support at 7730---7650 and resistance at 7840.
Close below 7730 will take to 7682----7655 mark else it could test its
resistance level of 7790---7840 again. Further upside rally seen only close above
7840 mark.
Today's Top Pick
Buy and accumulate BHEL around 174---172. Above 180 will
expect sharp dead cat bounce in it.
Support and stop loss only to our subscribers.
Our 2nd Pick...
Recent high is crucial in Tata motors. Close below 398 will
take to 393---388 and then to 370. Fresh buy only above 410 mark on closing
basis
Trade safely with levels only. More will update to our
subscribers.
