BUY SUZLON FUTURE ABOVE 18.5 TG 19.2,19.9,20.6 SL 17.8
BUY NIFTY JULY 5000 PUT @ 50 AND BUY NIFTY JULY 5300 CALL @ 45
Index witnessed a range bound movement throughout the day. There was no clear direction as such from today’s session. NIFTY started from 5149 and ended on 5141. Indian equity benchmarks erased half of gains in afternoon trade due to fall in Tata Motors and Reliance Industries. State Bank of India, ONGC and Bharti Airtel too were under pressure .The crucial Nifty levels to be monitored closely during the trading session tomorrow will be 5150-5170
BUY NIFTY JULY 5000 PUT @ 50 AND BUY NIFTY JULY 5300 CALL @ 45
Index witnessed a range bound movement throughout the day. There was no clear direction as such from today’s session. NIFTY started from 5149 and ended on 5141. Indian equity benchmarks erased half of gains in afternoon trade due to fall in Tata Motors and Reliance Industries. State Bank of India, ONGC and Bharti Airtel too were under pressure .The crucial Nifty levels to be monitored closely during the trading session tomorrow will be 5150-5170
Staying above 5170 would mean the market is gathering
strength, and bulls would be firmly placed in the driver’s seat once again. However,
levels beyond 5200-mark may not really happen on any sustainable basis till the
expiry of the June series of derivatives.
On the way down, the most important support exists between 5097 . We continue to reaffirm that we do not expect the Nifty to fall below 5040 on closing price basis even in the event of a major sell-off while there is every possibility of strong demand surfacing for stocks around those lower levels in the index. It is still more of a buy-on-dips market.
On the way down, the most important support exists between 5097 . We continue to reaffirm that we do not expect the Nifty to fall below 5040 on closing price basis even in the event of a major sell-off while there is every possibility of strong demand surfacing for stocks around those lower levels in the index. It is still more of a buy-on-dips market.
Resistance 1
|
5160
|
Support 1
|
5130
|
Resistance 2
|
5180
|
Support 2
|
5110
|
Resistance 3
|
5200
|
Support 3
|
5080
|
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