"BUY BATAINDIA 820 CALL @ 19 TGT 24/29 SL 11"
"SELL INFIBEAM FUTURE BELOW 150 TGT 148.80/147.20 SL 152.40"
Tug
of war between bulls & bears was witnessed in starting of week i.e. today
& bears were the winner. Bears tighten their grip on the dalal street &
took the nifty below 10800 mark, but the nifty was trading in very narrow
range. The Nifty future has started the week from 10809 made a high of 10817
and low of 10781 and finally closed at 10879 down by 25 points. Total 36 points
nifty future has moved in intraday. The
Nifty on Monday witnessed selling pressure from the word go and ended up a tad
below the psychologically important 10,800 level. The index formed a Small
Bearish Belt Hold candle and an ‘Inside Bar’ on the daily chart, as it traded
inside the trading range of last session. Index may remain rangebound for some
time, before seeing a decisive breakout.
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