Tatasteel call given in last post achieved first target and almost hit the second target.
Indian Stock
Market would open Negative. Technically, Indian Stock Market is still in
negative zone. Now, 7715 levels would be an important closing levels to watch
out for. Nifty if closes below 7715 levels then next target for Nifty would be
7678-7600 for Nifty and 16200 levels for BankNifty. Traders should continue
holding short positions and should initiate further short positions for every
positive rally in the market. Sensex
ended with a gain of 75 points at 25,305. The Sensex opened at 25,519 touched
an intra-day high of 25,340 and low of 25,181.
The Nifty closed with a gain of 28 points at 7,759. The Nifty opened at 7,738 hitting a high of 7,761
and low of 7,715. After registering losses for four straight sessions, markets closed positive in today’s trade
as investors accumulated quality stocks at valuable and attractive levels.
Strength in European equities further uplifted the mood at D- Street.