I am back after a week long vacation and market hasn't moved
A strong intraday rebound in late trade on Friday took the Nifty to positive zone from negative zone on last Friday. The market sentiment was boosted by the latest data showing that inflation based on the WPI eased to a nine-month low last month. FII Bought INR 982.19 crs and DII Sold INR 866.42 crs.
Shorterm Term
Nifty bounced back to above 6500 from 6432 is very positive, below 6417 for very short term and 6350 for shorter tem are important levels to watch for, but Nifty is very strong and has moved up and next resistance is at 6570 and is a key level to watch for. But as of now the trade is only for long side and suggest not to short till we see weakness in the market.
Intraday Levels
As indicated by cues we may see small gap up and can trade for long above 6540 if trades for some time for 6555 and 6570 and lower side below 6520 for 10 minutes we could see 6505 and 6490.
Top pics for the day are Crompton, Auro Pharma, AdaniEnt, Maruti, BhartiAirtel and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
Nifty bounced back to above 6500 from 6432 is very positive, below 6417 for very short term and 6350 for shorter tem are important levels to watch for, but Nifty is very strong and has moved up and next resistance is at 6570 and is a key level to watch for. But as of now the trade is only for long side and suggest not to short till we see weakness in the market.
Intraday Levels
As indicated by cues we may see small gap up and can trade for long above 6540 if trades for some time for 6555 and 6570 and lower side below 6520 for 10 minutes we could see 6505 and 6490.
Top pics for the day are Crompton, Auro Pharma, AdaniEnt, Maruti, BhartiAirtel and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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