"BUY MARUTI 4500 CALL @ 38 TG 52/77"
"SELL HINDALCO FUTURE BELOW 76 TG 74.4/72.5 SL 78"
TO GET BEST OPTION TIPS CLICK HERE
"SELL HINDALCO FUTURE BELOW 76 TG 74.4/72.5 SL 78"
TO GET BEST OPTION TIPS CLICK HERE
After a two-day monstrous rally, Sensex and Nifty ended
lower on Thursday, tracking weak global markets. Indian stocks ended nearly
half a percent lower, giving up gains of the previous two sessions, and
tracking declines around the region after lackluster Chinese economic data added to heightened worries about the global economy. The Sensex fell as
much as 432 points in early trade but a late pullback saw the index end 97
points lower at 25622.Bearish sentiments were seen on the wider 50-scrip Nifty.
The Nifty settled 30 points lower at 7788.
Indian markets are likely to remain volatile till the
crucial US Fed meet, which is scheduled for September 16-17. Nifty closed the day the 7750
region. There seemed to be some selling pressure towards the close. 7720 is the
immediate support below which 7690 is another support region since it held out
on two intraday sell offs. At this juncture, 7675-7655 is the critical support.
It must sustain decisively above this level declines to signal halt in selling.
On the higher side, It must close above 7850 for some signaling strength.
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RESISTANCE: 7830, 7890, 7950
SUPPORT: 7770, 7710, 7650
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