Markets surged to record high, driven by sharp gains in domestic-focused sectors banking, realty, construction and capital goods based on expectation that NDA will be able to form government at at center. Nifty struck record high above 6,500 and closed above 6526.
Shorterm Trend
Nifty crossed met my target of 6480 and there seems to be no retur back levels and is in a strong up move defying gravity and is heading towards 6700 target which is election target, I dont have any short term up targets for uptrend but for very short term below 6415 we could see 6350 , but not less than. Market is extremely overbought and I except a small correction from current levels. What is important for medium term is 6350 which should be sustained for this trend to continue and if it does not we may see previous lower levels.
Intraday Levels
As indicated by cues we may see small gap down as indicated by global cues and some how not comfortable by this huge move. Nifty is buy above 6525 for 6540 and 6555 and sell below 6480 for 6465 and 6450.
Top pics for the day are HDFCBank, BhartiAirtel, AdaniEnt, Maruti, TechM, Auro Pharma and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot Levels
Shorterm Trend
Nifty crossed met my target of 6480 and there seems to be no retur back levels and is in a strong up move defying gravity and is heading towards 6700 target which is election target, I dont have any short term up targets for uptrend but for very short term below 6415 we could see 6350 , but not less than. Market is extremely overbought and I except a small correction from current levels. What is important for medium term is 6350 which should be sustained for this trend to continue and if it does not we may see previous lower levels.
Intraday Levels
As indicated by cues we may see small gap down as indicated by global cues and some how not comfortable by this huge move. Nifty is buy above 6525 for 6540 and 6555 and sell below 6480 for 6465 and 6450.
Top pics for the day are HDFCBank, BhartiAirtel, AdaniEnt, Maruti, TechM, Auro Pharma and LT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Pivot Levels
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