Nifty edged higher on the first trading session of the week, with the market sentiment boosted by international cues. FII Bought INR 266.87 crs and DII Sold INR 248.49 crs.
Shorterm Trend
Nifty stayed above 6140 for second day,and we are above my first target which is to 6180 and now next target is 6220 and below 6100 we could see 6050 and 6000. As there is no leadership we may see some reversel very shortly and this situation will be clear in few days’ time.Nothing can be sure while we go in trade but it is likely to form a short to medium term top very sooner. It has technical trading resistances at 6220 and at 6262.
Intraday Levels
As indicated by cues we could open in positive terrritory aIf Nifty can trade above 6195 for 10 minutes we could see 6210 and 6225 and on the lower side below 6166 for 10 minutes we could see 6150 and 6140.
Top pics for the day are HCLTech, INFY, Sun TV, Lupin, Sun Pharma, Zeel and Axis Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot Levels
Shorterm Trend
Nifty stayed above 6140 for second day,and we are above my first target which is to 6180 and now next target is 6220 and below 6100 we could see 6050 and 6000. As there is no leadership we may see some reversel very shortly and this situation will be clear in few days’ time.Nothing can be sure while we go in trade but it is likely to form a short to medium term top very sooner. It has technical trading resistances at 6220 and at 6262.
Intraday Levels
As indicated by cues we could open in positive terrritory aIf Nifty can trade above 6195 for 10 minutes we could see 6210 and 6225 and on the lower side below 6166 for 10 minutes we could see 6150 and 6140.
Top pics for the day are HCLTech, INFY, Sun TV, Lupin, Sun Pharma, Zeel and Axis Bank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot Levels
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