20 June 2017


"BUY HEXAWARE FUTURE ABOVE 255 TGT 258.40/261.80 SL 251.20"

"BUY GMRINFRA 22.50 CALL @ 0.25 TGT 0.40/0.65"
Market ended the session on a sluggish note, with the Nifty ending just above the 9650-mark. Today market consolidated and corrected itself throughout the trading session after rallied heavily on Monday. The Sensex closed 14 points below at 31297 while Nifty fell a modest 4 points to close at 9653, thereby staying just afloat above the 9650-mark.
The market is heading into a choppy session and Nifty may move somewhere around 9650 over the next few days. We need to watch out for the levels of 9625 on the downside and 9600 on the upside to start with. Chances are if it were to stay above 9655 after opening we are likely to see it retesting 9700. On the other hand, if it were to fall below 9600 on high volume led selling then it can seek further lower levels and test 9575 through 9550 support area going forward.
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RESISTANCE: 9675, 9700, 9725
SUPPORT:  9600, 9575, 9550

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