Yesterday we have seen huge panic in Nifty and Bank nifty
due to Global concerns. Nifty future made a low of 7711.55 and settled at 7714.
Our Sell recommendation in Coal India proven great and made
low of 318.90 sell suggested below 333 mark. Our 2nd pick BHEL unable to break
it’s resistance level of 170 and crashed vertically, made a low of 164.50.
Now what to expect today?
Nifty future has strong support at 7690 and resistance at
7785---7830. Looks weak and could test its support level of 7690 levels.
Three consecutive closes + weekly close below 7690 will see
free fall in Nifty future else it could test its resistance level of 7785---7830
again.
Further upside rally seen only close above 7830 mark
Today we will expect high volatility in Nifty and Bank Nifty
and pressure can be seen in both. So traders can trade safely with levels only
and wait for confirmation.
Today’s top pick will be updated during market hours only on
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