Yesterday we have seen range bound trading in Nifty and Bank
Nifty though traded with negative bias. Nifty opens with a positive note but
unable to sustain and slipped again.
Told you to Grab RECLTD from 252 mark. Flared like anything
and hit 268 mark
ACC too achieved our target very well while our sell call in
Lupin continues and made a low of 1861. Holding short from 2000 mark
Still need trial... Need not to worry. Watch more!!
Now what to expect today???
Nifty future... Support at 8051---8022 and Resistance at
8155. Above 8100 will see upside rally in Nifty future till 8132---8155 mark
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.
Today's top pick.
Hold Short ITC... Looks weak on Charts. Yesterday we
recommended sell call in it.
Today's pick.. Ultratech achieved our upper level target
very well and slipped again.
Ultratech turns negative and could test 2830---2780
mark. On rise sell it. Stop loss 2960
More will update during market hours on our Android App.
