Market remained as a battle between FIIs and DII where FII were the buyers and DII took the day in red with a lot more selling in Indian markets. Nifty could not recover what it did yesterday and closed at 7486 shedding 45 points .It took resistance of 7550 level and came down to stayed red till closing.
We booked profit in Century Textiles where we asked to buy at 474—478 and booked full at 483 stock made a high of 486.
Another jackpot trade we mentioned on our blog is Welspun India. We recommended to buy above 890, Guess What? It has already gone up and made a high of 902 and trading at 899.
Now what to expect today?
Now Nifty future has resistance at 7560—7590 which it needs to cross if market wants to rally up. Nifty has a nearby support at 7420 levels where a gap is providing it a good support.
Break and sustain below 7420 will take to 7370---7340 mark. More and more downside panic will see below 7300 level.
Nifty futures now looks range bound and would look to trade between mentioned support and resistance only. Either side break or close with volume will decide further.
Trade with levels only... More will update during market hours
Today's top pick
SBI future... Below 179. Sell it with stop loss above 189. We will see sharp downsidee panic till 170---160 mark in days to come. It looks tired at upper levels and break below 179 could fill the gap.
More will be update soon only on our Android App!!
