Nifty took support at 5950 and has moved back to 6000 levels on Friday, but it is very difficult to sustain at these levels and if breaks 5950 again and stays there for a day, the market can go back to 5800 levels as stated before. FII's buying has brought the market back to 6000 levels and the key is today whether they will take they are still long are not.
Banking is looking very weak and could drag the market on the other way IT and Pharma may see longs.Prefer to short on banking and expect BankNifty to go back to 9500 levels before end of this Series
Stocks for the day
Longs
SunPharma
Asian Paint
TechM
TCS
Shorts
ICICI
Bajaj Auto
SBI
DLF
PNB
I will provide levels to trade after 9.45 based on my strategy
Banking is looking very weak and could drag the market on the other way IT and Pharma may see longs.Prefer to short on banking and expect BankNifty to go back to 9500 levels before end of this Series
Stocks for the day
Longs
SunPharma
Asian Paint
TechM
TCS
Shorts
ICICI
Bajaj Auto
SBI
DLF
PNB
I will provide levels to trade after 9.45 based on my strategy
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