Last week we have seen positive momentum in Nifty and Bank Nifty. Our upper side target of Nifty and Bank Nifty proven great.
We have booked profit nicely in BHEL... ICIL... IOB...Wipro... Titan... Vedl and many more.
Hope you all enjoyed levels... still need trial. Need not to worry at all. Watch more!!
Now what to expect today?
Nifty future has support at 7860 and resistance at 8000. Fresh buying can initiate only close above 8000 mark else it could test its support level of 7860 mark. Break and sustain below 7860 will take to 7810---7770 mark. More and more panic will see only close below 7750 level.
Three consecutive closes + weekly close above 8000 will see fire in Nifty future.
While Bank Nifty has support at 16500 and resistance at 16800. Either side break or close with volume will decide further. Till then traders can trade safely with levels only and wait for confirmation.
Today's Top Pick
IDEA (future).... From 109---120.20 and currently at 117.
Trend still looks positive and could test 121 mark. Three consecutive closes + weekly close above 121 will take to 128---132+ mark in days to come.
Support at 114---110
Positional traders can buy and accumulate in panic around 117---114 with stop loss below 110 on closing basis for the initial target of 121 and then to 128---132
More will be update soon during market hours only on our Android App!!
