Instead of Analyst's expectation on India's Industrial output to grow 1.5 percent, unexpected output of contracted 3.5 percent made Nifty the low of 4906 on Friday and closed at 4928.90 (lost 36.80 points).
For today, WATCH 4930-10 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 4970/4990 ON THE UP SIDE WHEREAS BREAKING 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE.
For today, WATCH 4930-10 CAREFULLY. IF NIFTY ABLE TO HOLD THIS, IT MAY MOVE TOWARDS 4970/4990 ON THE UP SIDE WHEREAS BREAKING 4930, NIFTY MAY HIT 4900/4880 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4900 put and 5200 calls. However, as of now 4880/4900 may act as STRONG support and 5200 (AFTER CROSSING 5100-5110) will act as STRONG resistance.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST.
