A DEAD CAT BOUNCE EXPECTED IN MARKETS ..............
Breach of 4225 triggered the Downtrend with Support Levels at 4150 and 4115
Nifty Futures formed high of 4286 immediately after opening and the sharp downtrend breached the important support level of 4225. As the support level below 4225 is at 4150, Nifty Futures is expected to test this level and further continuation of downtrend is expected to halt near 4115 levels. The intraday resistance levels are at 4225 and 4260. The upward trend reversal level is placed at 4270 and in extreme
panic; selected buying positions can be created near 4115 levels with strict stop loss at 4090.
Nifty should bounce from 4140 to 4160 levels , but all this rallies should be use to book profits in markets & exit for short term.
This view is mainly for short term & any fresh buying wil be updated.
Stock specific activity to continue, short term traders beware & Investors for medium to long term wait for fresh investments.
Repeating again Buy It stocks like Infosys, Tcs in largies & Tech mahindra , Niit Ltd & many more in mid cap & small for investments.
MORE TO FOLLOW LIKE CHINA MELTDOWN WIL BENEFIT INDIA IN MANY WAYS.
BUY & SELL CALLS FOR CLIENTS ONLY....................
GOOD DAY , HAPPY INVESTING
MARKET COMMENTRY :
RCOM HAS GIVEN A RUNNING BREAK OUT ABV 524 LVLS CAN BE BOUGHT FOR TG 550 - 555 LVLS IN SHORT TERM.
SENSEX 100 PTS UP & NIFTY 30 PTS + , AS EXPECTED A DEAD CAT BOUNCE IN MARKETS NW, NIFTY RESISTANCE AT 4225 & 4240 ABV THT 4285
BUT OUR VIEW IS SAME THT USE RALLIES TO BOOK PROFITS IN MARKETS FOR SHORT TERM.
INFY UP BY 2 % TODAY AT 1970
POST MARKET VIEW :
TODAY MANY SMALL & MID CAP IT & SOFTWARE STOCKS HAS PERFORMED AGAINST THE MARKET LIKE FIN TECH, HCL INFO, MPHASIS, CYBERMEDIA, PARADYNE INFO, PATNI , PENTA MEDIA GRAPH, INFOSYS, SATYAM , WIPRO, POLARIS, TATA ELXSI & MANY MORE THERE.
IT SECTOR IS A CONTRA CALL IN MARKETS.
AS TOLD USE RALLIES TO BOOK PROFITS IN MARKETS INF AFTERNOON SEESION UP BY 100 PTS & AT CLOSING DOWN BY 70 POINTS.
NIFTY CLOSED AT SUPPORT 4180 & MAJOR SUPPOTY 4140 NIFTY SPOT LVLS.
GOOD DAY AHEAD , HAPPY INVESTING.
