Yesterday... we have seen vertical crash in Nifty and Bank
Nifty. Both crashed and made a low of 7570. Market falls tremendously due to
global concern especially from China. China falls more than 7% in a day.
Trading suspended for a day else we have no major issue on Indian fundamentals.
Everything is quite good and calm.
Our top pick... BHEL hit our target very well. 780 while
stop loss triggered in our buy call of CESC and Jindal steel.
Need not to worry at all.... we will recover from both
stocks again.
Now what to expect???
Nifty Future below 7550... once again we will see panic in Nifth future
till 7520--7480 mark else it could test its resistance level of 7630 and then
to 7680 mark again in today's trade.
Today's trading session is a trend decider. So we have to
trade cautiously in today's trading session.
Today's top pick
Asian paints future... Sell it around 880---890 with stop loss of
920 as a positional call. Target looks 830---800.
Time frame- Till this expiry
More will be update soon during market hours only on our
Android App!!
