Worst GDP numbers pushed Nifty towards 4900. However, Nifty closed at 4924.25, down 26.50, just recovered in the last half an hour.
For today, WATCH 4933-4941 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4970/5000 WHEREAS BREAKING 4910, NIFTY MAY HIT 4870/4844 ON THE DOWNSIDE.
For today, WATCH 4933-4941 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4970/5000 WHEREAS BREAKING 4910, NIFTY MAY HIT 4870/4844 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4800 & 4900 put and 5000 & 5100 calls. As of now, for June series, 4760/4800 may act as support and 4970/5000 may act as 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.
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. - 'HAPPY TRADING'.
