From last two days we have seen high volatility in Nifty and
killed so many traders. Mainly to those who don't have levels. We clearly
indicated that Nifty future will trade in a range of 7428---7630.
Nifty future bounced back again from lower levels to test
it's upper side resistance but unable to breach 7630 mark
So today is the last day for this week and we have to check
volume and weekly close of the market for further levels.
Now what to expect
Nifty is not supportive at upper levels. 7630 act as major
hurdle in Nifty future. We will initiate buying only weekly close above 7630
with volume else we will expect more downside move in it.
Intraday levels
Nifty future... Below 7522. We will see panic till
7488---7463 and then to 7431---7416 mark. More and more panic will see only
close below 7416 level
Else it could test its resistance level of 7568 and then to
7598---7614 mark again. Hurdle intact at 7630 and unlikely to breach in today's
trade but trade with levels only.
Let's see... what will happen today?
Today's top pick
Wockhard pharma.... Our buying stop loss triggered.
Now what to expect???
Three consecutive closes + weekly close below 1510 will see
free fall till 1455---1430 and then to 1380 mark.
More will update during market hours. Today try to trade
safely with levels only.
More will be update soon during market hours only thru our
Android App.
