As expected... we have seen range bound trading in Nifty
though traded with negative bias. Nifty again took the support level of 7480
and bounced back.
Yesterday... our stocks performed but not too much.
Jet airways moved up from 770---781. Weekly close above 770
will see rally till 830---880+ mark
Now what to expect???
Nifty Future has support at 7480 and resistance at 7630---7680.
Fresh selling can initiate only weekly close below 7480 mark else it could test
its resistance level of 7630---7680. More and more power only above 7680 level
only.
Today again we will expect range bound trading in Nifty. So
traders can trade with levels only and wait for confirmation.
Today's top pick
Buy and accumulate Wockhardt Pharma in panic. Above 1620
(Future price) .... will see rally till 1690---1730 and then to 1800+ mark in
days to come.
Recent low is very crucial in Wockhardt pharma.
More will be update soon during market hours only on our
Android App.
