21 March 2017


"BUY HDIL 80 CALL@1.50 TGT 1.90/ 2.40 SL 0.90"
"SELL AXISBANK FUTURE BELOW 486 TGT 482.50 /478.90 SL 491"
Today on Tuesday market closed lower, but not before recovering from the day's low points. The Sensex closed 33 points lower at 29485, while the Nifty ended 5 points down at 9121. The market breadth was narrow, but also recovered. The Sensex ended the day 29485, down 33 points while the Nifty closed at 9121, down 5 points. This week market may just cool off. This is a period of consolidation ahead as investors focus on individual stock movements as they wait for the earnings season to start in mid-April.
On the upside, 9150 through 9175 would be the first supply zone to watch out for—once this range is taken out we can expect another dash at the 9200 or higher levels. Further up, resistance is likely to be felt between 9250 and 9275. On the other hand, if it were to go down below 9100 and sustain there it is likely to get good support between 9075 and 9050.
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Resistance: 9150, 9175, 9200
Support: 9100, 9075, 9050

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