Nifty hit record high both on intraday as well as on closing basis but has closed with small gains. PSU's gained today and heavyweights Relianace and ONGC have opened low and closed at same level which is not bad
Shorterm Term
We have stayed above 6570 for second day as stated below and it is good for market. Upside is still intact even though we may see some aberations because of Expiry and my opinion will not change and will remain same as it is yesterday. Nifty is heading towards 6700 if it stays above 6570 and weaknes can only be seen below 6480 and if it can stay for few days it could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days.
Intraday Levels
As indicated by cues we may see positive flat opening and if it can trade above 6600 we could see 6615 and 6630 and below 6570 we could see 6555 and 6440.
Top pics for the day are CESC, Siemens, BharatForge, JindalSteel, Bhel, Auro Pharma and REC for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
We have stayed above 6570 for second day as stated below and it is good for market. Upside is still intact even though we may see some aberations because of Expiry and my opinion will not change and will remain same as it is yesterday. Nifty is heading towards 6700 if it stays above 6570 and weaknes can only be seen below 6480 and if it can stay for few days it could lead to 6417 and 6350. Major trend change can only be seen if Nifty closes below 6350 for two days.
Intraday Levels
As indicated by cues we may see positive flat opening and if it can trade above 6600 we could see 6615 and 6630 and below 6570 we could see 6555 and 6440.
Top pics for the day are CESC, Siemens, BharatForge, JindalSteel, Bhel, Auro Pharma and REC for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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