Wednesday, 22 January 2014

Broader outlook and levels for Jan 22nd, 2014

Nifty opened well and was in a range for the whole day and as exepcted found resistance at higher level 6318 and found support at 6300 levels. FII's were net sellers of 40 crores and DII's bought 180 Crores

Intraday Levels
Nifty could open negative to flat and Nifty should cross 6305convincingly with volumes and stay for 15 mins  for 6320 and 6335 and on the lower side below 6285 we could see 6270 and 6255. IT is strong is the leader and banking should support for further move in Nifty. What is good is some Nifty heavy weights were on strong foot.


Top picks for the day
My top pics for the day are Bajaj Auto, Tata Motors, ICICI Bank, Kotak Bank, KPIT, Corp Bank and Lupin . For Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

Pivot levels for key stocks



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