START WORKING IN MARCH F&O SERIES CALL PUT OPTION TIPS FROM TOMORROW FOR DETAILS WHATSAPP 9039542248
Bears continued to grip
the market. Market was off bit because of F&O expiry tomorrow 27 Feb. 2020
also tracking weakness in global peers amid concerns about the prospect of the
coronavirus outbreak affecting world economy. The Sensex ended with losses of
392 points at 39889 and the Nifty ended at 11679, down 119 points from the
previous close.
Investors awaited
official macroeconomic data due by the end of the week for any signs of revival
in economic growth. The government will release data on GDP or gross domestic
product in the October-December period on Friday evening.
The index has formed a large bearish Belt Hold candle on the daily chart along with a Popgun bar pattern. This makes the high of today 11783 will work as resistance level now. Unless the level gets taken out the index can get into a consolidation mode now. We recommend that one should trade carefully and avoid risky unhedged positions. For the coming session, immediate resistance would be seen at 11800-11900 and a sustainable move beyond this would extend this rally towards 12000. On the flipside, 11600-11500 are likely to act as strong support level.
The index has formed a large bearish Belt Hold candle on the daily chart along with a Popgun bar pattern. This makes the high of today 11783 will work as resistance level now. Unless the level gets taken out the index can get into a consolidation mode now. We recommend that one should trade carefully and avoid risky unhedged positions. For the coming session, immediate resistance would be seen at 11800-11900 and a sustainable move beyond this would extend this rally towards 12000. On the flipside, 11600-11500 are likely to act as strong support level.
More about intraday tips on
Google +
Resistance: 11800, 11900, 12000
Support: 11600, 11500, 11400
No comments:
Post a Comment