“SELL NIFTY FUTURE BELOW 8165 TG 8100/8060 SL 8200”
“SELL AXIS BANK BELOW 484 TG 470/462 SL 490”
The market ended with severe losses. The Sensex was down 213
points or 0.8 percent at 27039.76 and the Nifty slipped 61.70 points or 0.7
percent at 8171.20. About 1161 shares advanced, 1489 shares declined, and 186
shares were unchanged. Open interest studies indicated series at the level of 8256
is an important resistance which must be taken out for upside momentum. 8280,
8300, 8324, 8375 are important hurdles leading to 8400. The immediate support
is around 8130 but the strong support for now is in the 8200-8100 zone and till
such time that this region holds on declines, the bulls will continue to hold
fort.