Yesterday, we have seen positive momentum in Nifty and Bank
Nifty. Nifty unable to breach its support level of 7740 and bounced back
sharply again to 7878 mark. Our major hurdle was 7880.
Our buy call in Bharti Airtel proven great and hit 332 mark.
We recommended buying above 324 mark. We recommended other stocks too and these
stocks are continuously moving towards north direction
Now what to expect???
Nifty future has support at 7830---7770 and resistance at 7880.
Decisive break and sustain above 7880 will see further upside rally till
7920---7950 and then to 8030+ mark in days to come
Fresh selling can initiate only close below 7770 mark.
While Bank Nifty has support at 16650 and resistance at
17025. It looks positive and could test its resistance level of 17025. Once
break and weekly close above 17025 will see fire in Bank Nifty.
Traders holding long in Nifty and Bank Nifty and can part
profit at opening bell and revise stop loss below the support level of 7770 and
16650 on closing basis
Today's Top Pick
We will update during market hours on our Android App. Till then wait for confirmation.
