Nifty edged higher and closed at 6152 which is 25 point above previous days close after RBI after trading hours on 18 February 2014, said it will conduct term repo auctions in March 2014 to address liquidity tightness in the banking system. FII Bought INR 468.47 crs and DII Sold INR 338.74 crs.
Shorterm Trend
Nifty crossed 6140, key is it should stay above this levels for one more day to move to 6180 and 6220 and below 6100 we could see 6050 and 6000, but I expect a small correction from current levels before making next move. Bulls were able to defend every down move as of now, but not sure how long it could continue to do.
Intraday Levels
As indicated by cues we could open weak near 6115 levels and If Nifty can trade above 6140 for 15 minutes we could see 6155 and 6170 and on the lower side below 6105 for 15 minutes we could see 6090 and 6075.
Top pics for the day are Sun Pharma, TCS, Adani Ent, Bharat Forge, CESC, Tata Motors and ICICI Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
We are seeing profit booking in all commodities and expect this to continue and so suggest to look to sell based on levels in live market and my above outlook is based on broader trend based on previous days data.
Pivot levels
Shorterm Trend
Nifty crossed 6140, key is it should stay above this levels for one more day to move to 6180 and 6220 and below 6100 we could see 6050 and 6000, but I expect a small correction from current levels before making next move. Bulls were able to defend every down move as of now, but not sure how long it could continue to do.
Intraday Levels
As indicated by cues we could open weak near 6115 levels and If Nifty can trade above 6140 for 15 minutes we could see 6155 and 6170 and on the lower side below 6105 for 15 minutes we could see 6090 and 6075.
Top pics for the day are Sun Pharma, TCS, Adani Ent, Bharat Forge, CESC, Tata Motors and ICICI Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
We are seeing profit booking in all commodities and expect this to continue and so suggest to look to sell based on levels in live market and my above outlook is based on broader trend based on previous days data.
Pivot levels
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