Weak Global cues pushed Nifty towards 4800 and lastly, it closed at 4841.60, with a huge loss of 82.65 points.
For today, WATCH 4845 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4865/4870/4884 AND EVEN 4900 WHEREAS ON THE DOWNSIDE, NIFTY MAY HIT 4830/4814 AND EVEN 4788 (THE RECENT LOW MADE ON 18TH MAY). GLOBAL CUES ARE SIGNALING FOR GAP DOWN OPENING.
For today, WATCH 4845 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4865/4870/4884 AND EVEN 4900 WHEREAS ON THE DOWNSIDE, NIFTY MAY HIT 4830/4814 AND EVEN 4788 (THE RECENT LOW MADE ON 18TH MAY). GLOBAL CUES ARE SIGNALING FOR GAP DOWN OPENING.
From options data,,highest options base has been shifted to 4500 & 4800 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.