EXPIRY DAY... EXPECT HIGH VOLATILITY WITH IN A RANGE. SO BE
CAUTIOUS IN TODAY'S TRADING SESSION.
Yesterday we have seen sluggish move in Nifty future.
Neither it breached its support nor its resistance. We have seen sluggish move
in stocks specific too.
Hope you all traded with levels. Our sell call in Axis Bank
initiated but unable to move as per our expectation. So try to exit at cost to
cost. We will initiate fresh entry later on.
Now what to expect???
Nifty future has support at 7402 and resistance at 7488.
Looks positive and could test its resistance level of 7488. Once break and
sustain above 7488 will see sharp upside rally till 7513---7528 mark. More and
more power will see only weekly close above 7540 mark.
Else it could test its support level of 7402 mark again.
Break and sustain + close below 7402 will see sharp downside
move till 7382---7355 and then to 7288 mark.
7222 act as major support in Nifty while 7488---7528 act as
hurdle. We will expect range bound trading again with high volatility in Nifty and Bank Nifty. So traders can trade
safely with levels only and wait for confirmation.
Anything seems will update via SMS or on Application.
Today's top pick
Grasim Industries..... Panic continues from last few trading
sessions. Now we will expect sharp dead cat bounce in it.
Grasim Industries future Above 3430... catch it. We will see sharp dead cat bounce
till 3490---3530 and then to 3600+ mark.
In panic will buy... for short term downside trend seems
limited.
More will update during market hours only on our Android
App.
