Global turmoil due to Greece for another round of election and its likely to exit from the EURO zone made the sentiments jittery, selling pressure across the board and as a result Nifty closed at 4858.25 with a modest loss of 84.55 points. As earlier said, making lower high and lower low is not a good sign.
For today, WATCH 4850-4855 CAREFULLY. ABOVE THIS, IT MAY MOVE TOWARDS 4880/4900 ON THE UP SIDE WHEREAS BREAKING 4850, NIFTY MAY HIT 4800 ON THE DOWNSIDE.
For today, WATCH 4850-4855 CAREFULLY. ABOVE THIS, IT MAY MOVE TOWARDS 4880/4900 ON THE UP SIDE WHEREAS BREAKING 4850, NIFTY MAY HIT 4800 ON THE DOWNSIDE.
From options data,,highest options base has been shifted to 4800 put and 5200 calls. However, as of now 4800 may act as 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.
