SELL LT FUTURE BELOW 1380 TG 1355,1325 SL 1405
SELL AXISBANK FUTURE @ OPENING FOR TGT 970,950 SL 1048
SELL AXISBANK FUTURE @ OPENING FOR TGT 970,950 SL 1048
Nifty closed
lower for the fifth consecutive session on Tuesday, weighed down by capital
goods, oil & gas, steel, auto and power stocks. The market opened the trade
with more than 100 points gap up following positive Asian cues, but that could
not sustain for long as traders opted to book profits (amid monsoon
worries) in second half of trade.....
The
market edged higher in early trade tracking gains in Asian shares. The market
soon pared gains. A bout of volatility was witnessed as key benchmark indices
regained positive zone after slipping into the red in morning trade.
Volatility ruled the roost as the index once again regained
positive zone in early afternoon trade after the latest data showed the rate of
growth in inflation based on the wholesale price index slowed in June 2012. The
market trimmed gains in afternoon trade as European stocks dropped in early
trade there. Key benchmark indices once again slipped into the red and extended losses in late trade to finally
end at 5192.
As
market dropped in last session so we are expecting a weak start tomorrow. We
need to monitor the level 5190 closely,if index falls below it then it would be
a threat for the bulls. Something above 5225 would show good signs of hope and
recovery.
Resistance 1
|
5200
|
Support 1
|
5180
|
Resistance 2
|
5260
|
Support 2
|
5160
|
Resistance 3
|
5290
|
Support 3
|
5120
|
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