Hi all, sorry cant able to post my views these days. will post my views from here with short messages.
Nifty closed below 20 MA will it bounce from here? Last 3 times it did lets see what are factors to do that.Nifty yesterday took fibo support @ 5030 then had a bounce of 30 points but again selling pressure came and eroded morning gains. Again Banks are culprits as mentioned yesterday. Final minute buying made some hope for bulls in market,as its fully operator induced market they have more upper hands. Investors can look for these dips to pick some good midcap stocks.Technically its Head and shoulder playing in hourly chart for 4950 target. triple bottom @ 4950 level suggest that will be arresting point for the fall.Small +ve Div found for 5045 target. Above 5045 Nifty will target 5100.Again Banks will play important role today.Breach of 4950 will take nifty to 4830.
Levels ::
Bearish > 5025 < Bullish
Nifty fut supp @ 4950 :: Res @ 5050
Stocks to watch ::
Torrent power
EIH assoc
Nelco
Happy trading !!!!!
No comments:
Post a Comment