On Thursday, we have seen range bound trading in Nifty and
Bank Nifty. Nifty unable to breach its support level of 7740 and bounced back
sharply again to 7887 mark. We clearly indicated to buy Nifty around 7800 mark.
Our buy call in Bharti Airtel hit 338 mark. Not only this,
we recommended buying in CESC around 513. Too flared intraday and hit 526 mark.
Not this only, our buy call in Arvind future too proven
great. Still we are holding long in too many stocks. Just trade with levels
only
Now what to expect???
Nifty has support at 7830---7770 and resistance at 7880.
Decisive break and sustain + close 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 can trade with levels only
Today's Top Pick
Wockhard pharma (Futures)... Something worse in it. Charts indicates
negativity in Wockhard pharma. Traders can sell and accumulate on rise. Below
1540... will see vertical crash till 1490---1460 mark. More and more panic will
see only close below 1444 mark. Recent high will be crucial resistance for
Wockhard pharma.
More will be update soon during market hours only on our
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