Yesterday again we have seen panic selling in Nifty future after Rail budget announcement. We clearly recommended that below Nifty future 7003 we will see panic till 6986--6959. It made a low of 6960. Market is struggling as FII’s kept a selling pressure, and also the expectations from the Union Budget kept the market in red.
Our sell call in LT below 1110 proven great. We enjoyed selling pressure in Ashokleyland... NCC 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... Support at 6960 and resistance at 7055---7090. Its not easy to breach 6850 mark in near terms but if it breach and close below that mark then we will see heavy sell off in the market.
Here chances are bright for upside move in Nifty Future but trade with levels only as 1st trading day after expiry + last trading session of the week + all eyed on Union budget.
We will expect high volatility in today's trading session. So traders can trade safely with levels only. We will expect clear direction move in Nifty from 2nd of March onward.
Have patience... More levels will update during market hours
Today's Top Pick
Buy Mahindra and Mahindra future round 1230 with stop loss of 1210 for the upside target of 1260---1285.
Two consecutive bullish candle in a negative zone market indicates that this bullish rally will remain continue in today's trading session too
Our 2nd top pick
Cipla future.... Jumped from lower levels in yesterday's trading session. Now above 522... we will see further upside rally till 538---545+ mark in days to come.
Support and stop loss below 510.
More will be update soon during market hours only on our Android App!!
