After vertical fall we have seen range bound trading in
Nifty and Bank Nifty on Friday's trading session.
Nifty crashed and made a low
of 7570.30 mark last week and settled at 7601. Market falls tremendously due to
global concern specially from China. China falls drastically and suspended for
a day.
Now what to expect???
Friday's high and low is very crucial for Nifty. Below
7570... once again we will see panic in Nifty future till 7520--7480 mark else
it could test its resistance level of 7650 and then to 7680---7705 mark again
in today's trade.
Today's trading session is again a trend decider day. So we
have to trade cautiously in today's trading session.
Today's top pick
Hold short in Asian paints. Target and stop loss you all
knows very well. Below 870 will see more downside move in it. On rise sell it
with stop loss above 920 on closing basis
Bhel... Told to sell below 165. Made a low of 153. Below
151... will see further panic till 147---143 mark.
Revise stop loss of 157 mark.
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