Nifty future traded with negative bias. It unable to breach
its resistance level of 7880 and slipped again. Zigzag move continues in Nifty
and remain continue in this week too.
Our buy call in BEML proven great and made a high of 1273.
We recommended buying above 1160 mark
Our premium buy call in IDBI future too proven great and hit
91.75 mark. We recommended buying around 87---86 mark
Now what to expect today???
Nifty future has support at 7740 and resistance at
7820---7780. Once break and sustain below 7740 will see further panic till
7690---7655 and then to 7590 mark.
More and more panic will see only close below 7550 level
only else it could test its resistance level of 7820---7880 again.
Further upside rally seen only weekly close above 7880 mark
Any sharp panic will be buying opportunity in it. Stop loss
intact below 7550 for positional traders.
Today's top pick
Bharti Airtel (future)... Support at 318 and Resistance at 324.
Below 318 sell it with stop loss of 324. Target intact 312----308.
Fresh buying can initiate only close above 324 mark.
More will be update soon during market hours only on our
Android App.
