Yesterday trading session was inline with our expectations, NIFTY breached the previous day low of 4398 and made an INTRA day low of 4359. Market recovered from days low on release of Indian Industrial output data rising much higher than expected to 7.8 % in June revived trading sentiment.
We are expecting revival in today's trading session. Market could see level's of 4500-4544 in today's session. Small investors would remain cautious, however buying will be seen at lowers levels. So, today's mantra is to buy at lower levels. If market crosses 4544-4564 region we can see major supply coming for further upside.
We are expecting revival in today's trading session. Market could see level's of 4500-4544 in today's session. Small investors would remain cautious, however buying will be seen at lowers levels. So, today's mantra is to buy at lower levels. If market crosses 4544-4564 region we can see major supply coming for further upside.
Supports: 4355, 4420, 4441 & 4450.
Resistance at higher levels: 4516, 4544, 4567(major resistance)
Yesterday's Snapshot :
Intrday Nifty low : 4359
Intrday Nifty high : 4473
Close : 4457.50
Hot picks : (Intra Day)
Buy IFCI @ 47.20 and sell @ 48.10 with a stoploss of 46.80
Buy BALRAMPURCHINI @ 122.60 and sell @ 125 with a stoploss of 120.20
Buy SATYAMCOMP @ 102.40 and sell @ 104 with a stoploss of 101.90
NOTE:
Don't be greedy while trading , STRICT Warning .
Sources http://www.nseindia.com/ and http://www.rajatkbose.com/
These are just predictions , nobody can challenge us.
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