Market is still in bullish zone as long as it is above 5820 - 30 range and is always finding support at this area since last week. Trading below 5820 for hour or so may lead market to 5760 - 70 levels, but break below this level could be a clear shorting opportunity. Then next major resistance is at 5940 levels and trade above could lead to 6000 to 6050 levels.Intraday you can trade long as long the market is trading above 5810 and use this as stoploss.
IT is sector to be shorted along with Pharma and PSU banks for longs.
Stocks for the day are
ICICI
Bhel
HCL Tech
IDFC
Lupin
IT is sector to be shorted along with Pharma and PSU banks for longs.
Stocks for the day are
ICICI
Bhel
HCL Tech
IDFC
Lupin
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