Markets opened in a mixed note as Nifty tried to hold 7600 level and showed high range bound volatility by closing at 7597 shedding 18.10 points to the index; down by just 0.24 %.
Sensex Also showed high volatility and closed at 24900 also shedding 65.94 points to the index i.e a 0.26% decline. Healthcare and capital goods index stocks were among the main market draggers.
We recommended STBT call on Mindtree Ltd (FUT) around 629-631 which proved great . It made a low of 606.90 while we booked profit around 620.
Also recommended STBT call on Sunpharma (FUT) around 810-808. Too slipped and made a Low of 771 before closing at 796 and we booked profit at 800-796.
Pharma stocks... Clearly indicated to sell. All crashed vertically. Hope you all enjoyed a lot.
Still need trial... Need not to worry at all. Watch more.
Now what to do next???
Nifty futures has support at 7600 and resistance at 7680---7740. Fresh selling can initiate only close below 7600 mark else it could test its resistance level of 7680---7740 again.
Further upside rally will see only close above 7740 level. 7430 act as major support in Nifty future.
Tommorow we have expiry in Nifty. So we expect high volatility in it. Overall trend is positive but trade safely with levels only.
Today's Top Pick
Asian Paints... Yesterday we have seen rally from lower levels. Still looks positive and could test 870---880 mark. More and more power will see only weekly close above 880 level. Traders can buy and accumulate Asian paints in panic. Support and stop loss intact below 840.
More levels and updates only to our subscribers.
All above mentioned levels are as per future price script.
More will be update soon only on our Android App!!
