Another 100 point sell off in the Nifty. We clearly recommended that below 7090 we will see panic till 7055--7028. Both target hit very well. Market struggle as FII’s kept a selling pressure, and also the expectations from the Union Budget kept the market in red. Bank Nifty also created panic and at settled at 13804.
Our sell call in DRREDDY proven great. Told to sell below 3075. Crashed and made a low of 3000.
Another call of LT. Told to sell below 1140. It made a low of 1110.
We enjoyed selling pressure in Ashokleyland... NCC... Hindalco... Tata motors and many more stock too.
What else you expect? Just trade with levels and you will mint money.
Now what to expect today?
Nifty Future... Below 7003 we will see panic till 6986---6959. If it breaks and sustain below 6959 then we can see further panic till 6935---6918 and then to 6873 mark.
More and more downside pressure will see only close below 6850 mark.
Immediate hurdle at 7050---7090.
With the Union budget approaching near, market can remain volatile but levels will help you find a direction. We will expect clear direction move in Nifty from 2nd of March onwards.
Have patience... More levels will update during market hours
Try to book profit in Hindalco at lower levels. We recommended selling below 67.80. It made a low of 66.00
Today's Top Pick
IDEA.... Support at 103. Break and close below 103 will see sharp downside panic till 98---95 mark in days to come
Hurdle at 106---108.50.
Also try to book profit in our y'day pick Hindalco at lower levels. We recommended selling below 67.80. It made a low of 66.00
More will be update soon during market hours only on our Android App!!
