Yesterday we have seen range bound trading in Nifty and Bank
Nifty though traded with negative bias.
Every day minted money from every corner. Our Buy call in
REC and ACC proven great yesterday. We recommend buying around 252 and 1400
mark.
Still need trial... Need not to worry. Watch more.
Now what to expect today???
Nifty future... Support at 8051---8022 and Resistance at
8132. Above 8132.. will see further upside rally in Nifty future till
8176---8205+ mark in days to come else it could test its support level of
8051---8022 again.
Further panic seen only close below 8022 mark.
On the other hand.. Bank Nifty has support at 17200 and
resistance at 17500
Below 17200.... Sell it. We will see further fall till
16900---16650 mark. Fresh buying can initiate only close above 17500.
Two consecutive closes above 17500 will take to
17800---18000 mark.
This week... we will expect range bound trading in Nifty and
Bank Nifty. So traders can trade safely with levels only.
More will update during market hours on Nifty and Bank Nifty.
Today's Top Pick
ITC... Looks weak on charts and could test 328---323 mark.
On rise sell it around 337---339 with stop loss of 344 for
the downside target of 328---323.
Holding Period till Friday.
More investment calls and levels will update during market
hours on our Android App.
(Find our Android App on Google Play Store by the name of 'Indian Market View')
