"Sell Rel infra below 450 tgt 444/433 sl 462""Buy icici bank 320 call 4.8 Tgt 6.9/8.2 Sl 2"
The current month Nifty futures saw unwinding by players.
After a weak start, equity traded volatile on Tuesday and closed flat in the
end. Nifty, after reclaiming the 8400 mark, touched the session’s high of 8427
intra-day, before succumbing to selling pressure at higher levels and settled
the day lower by 8 points, at 8365. Nifty opened with a negative bias and later
it made a high at 8427, but in the second half it closed at 8365 down around 8
points, despite strong international cues. Nifty had surged to breach
8400-level at 8427, up 54 points from the previous close. The index, however,
shed almost 100 points from day's high to a low at 8335. The Nifty eventually
ended with a marginal loss of eight points at 8366.
In case it once again slides below 8315 through 8285
critical support zone for any reason and if that happens on volume based
selling we would be back to square one
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RESISTANCE: 8400, 8450, 8500
SUPPORT: 8350, 8300, 8250
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