Nifty surged on the first trading session of the week after a manufacturing sector survey showed that production volumes at Indian manufacturers continued to rise in the month just gone by. FII were buyers and were aggressive for second day and brought bought INR 2977.62 crs and DII Sold INR 148.81 crs
Shorterm Trend
Nifty is good as long as it is above 7260 and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500.
Intraday Levels
We have key RBI policy event today and so we may see Nifty moving wild at any time and so suggest to be on sidelines and trade carefull. Nifty is buy at downside 7280 for 7295 and 7310 and sell at 7360 for 7345 and 7330, but avoid trading in Nifty.
Top pics for the day are Axisbank, Syndbank ,RelInfra ,BhartiAirtel, UnionBank, TataSteel, BharatForge, LT, GAIL and AuroPharma for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.
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