Markets will open flat today,any slippage in nifty will cause selling pressure and profit booking.Support for nifty at 5833 and resistance at 5936
watch ioc,if it shows weakness at opening,Short Ioc with a target of 218,if 218 is broken then much downside is ahead.
Bulls are still their in asian paints ,tough resistance at 453 and 456,if its successfully crosses these with volumes,then target would be 460 +..but remember bears are still their in this counter,any slip in index will take this down.
Huge shorts are piled up in DLF and ranbaxy..till now no bears exited the counter...they are waiting for a chance..
ZEEL has a target of 235,it has tough resistance at 234-235..many a times it has fallen to 220 levels but quickly bouncedback to 230+..one can keenly watch its strength and if index supports go long..
Bank of baroda,opollo tyres ,biocon are good shorting ideas..They are extremely bearish.If nifty falls,this will move extreme south wards.
apart from this bullish on Sun pharma,lic housing finance.
exide industries is another interesting counter where bulls trying hard to take control..if nifty supports it will move to 130 levels.
PS; after a bull run of four consecutive sessions,a slight slip in nifty will have significant selling pressure.
Readers are strongly recommended to watch out this scrips on opening bell and conform their action before entering.
watch ioc,if it shows weakness at opening,Short Ioc with a target of 218,if 218 is broken then much downside is ahead.
Bulls are still their in asian paints ,tough resistance at 453 and 456,if its successfully crosses these with volumes,then target would be 460 +..but remember bears are still their in this counter,any slip in index will take this down.
Huge shorts are piled up in DLF and ranbaxy..till now no bears exited the counter...they are waiting for a chance..
ZEEL has a target of 235,it has tough resistance at 234-235..many a times it has fallen to 220 levels but quickly bouncedback to 230+..one can keenly watch its strength and if index supports go long..
Bank of baroda,opollo tyres ,biocon are good shorting ideas..They are extremely bearish.If nifty falls,this will move extreme south wards.
apart from this bullish on Sun pharma,lic housing finance.
exide industries is another interesting counter where bulls trying hard to take control..if nifty supports it will move to 130 levels.
PS; after a bull run of four consecutive sessions,a slight slip in nifty will have significant selling pressure.
Readers are strongly recommended to watch out this scrips on opening bell and conform their action before entering.
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