Nifty (spot) strong above 5560
Nifty (spot) weak below 5540
Nifty (spot) Support 5515/5480
Nifty (spot) Resistance 5585/5625
Nifty terminated its uptrend after the hike in repo and reverse repo rates by RBI and declined to touch an intra day low of 5521 and as per the charts it entered into oversold zone with multiple positive divergences. This may take it for recovery from 5521 to touch 5575-5585 in near term. On the bearish side, Nifty will become more weak if it manages to move below 5490 and fails to bounce above 5550.
Herculas above 355 ..may target 361/366/373...sl 342
Gitanjali above 323...may target 326/330...sl 318Coalindia above 402...may target for 420 within few days. Keep sl 390...For positional traders
Shanthigear above 46...may target 50 within few days. Keep sl 45....For positional traders
<<<<<<<<<<<<<>>>>>>>>>>>><<<<<<<<<<>>>>>>>>>>>>>><<<<<<<<<<>>>>>>>>>>
To be used on 28th July
No comments:
Post a Comment