Nifty edged higher on the first of the new series and last day of the month and closed at 6276. FII Bought INR 591.82 crs and DII Sold INR 12.02 crs
Shorterm Trend
Nifty crossed 6240, and reached 6280 which is a minor resistance and it seems we are going to see consolidation at these levels before seeing any new move and the type of data we have seen in India and China is not good and we may see some weakness also from Ukrine issue as it is esclating into a major issue. Nifty has next resistance at 6312 and this uptrend is valid aslong as Nifty stays above 6180 and if break this level we could see 6140 and 6100. We may see this happening with the type of support we are getting from particpants and only caveat is Ukrine issue which could create ripples in the market.
Intraday Levels
As indicated by cues we could open flat to negative and if Nifty can trade above 6280 for 10 minutes we could see 6295 and 6310 and on the lower side below 6240 for 10 minutes we could see 6225 and 6210.
Top pics for the day are ICICI Bank, Biocon, TCS, TechM, Maruti and Sun Pharma for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
I expect bullion to be neutral, neutral in metals(buy in Nickel) and Buy in crude and natrural Gas but suggest to buy/sell in them based on levels in live market and my above outlook is only based on broader trend based on previous days data.
Pivot Levels
Shorterm Trend
Nifty crossed 6240, and reached 6280 which is a minor resistance and it seems we are going to see consolidation at these levels before seeing any new move and the type of data we have seen in India and China is not good and we may see some weakness also from Ukrine issue as it is esclating into a major issue. Nifty has next resistance at 6312 and this uptrend is valid aslong as Nifty stays above 6180 and if break this level we could see 6140 and 6100. We may see this happening with the type of support we are getting from particpants and only caveat is Ukrine issue which could create ripples in the market.
Intraday Levels
As indicated by cues we could open flat to negative and if Nifty can trade above 6280 for 10 minutes we could see 6295 and 6310 and on the lower side below 6240 for 10 minutes we could see 6225 and 6210.
Top pics for the day are ICICI Bank, Biocon, TCS, TechM, Maruti and Sun Pharma for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
I expect bullion to be neutral, neutral in metals(buy in Nickel) and Buy in crude and natrural Gas but suggest to buy/sell in them based on levels in live market and my above outlook is only based on broader trend based on previous days data.
Pivot Levels
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