Nifty opened well, but gave up all the gains and at some time is trading at 40 points loss, but recovered later to close flat. Bought INR 703.71 crs and DII Sold INR 1081.36 crs.
Shorterm TermNity took support at 6650 which I stated as support and so of now is valid and we see Nifty bouncing from these levels, but real change of trend can only be seen above 6770 for 6900 and lower side below 6650 we could see 6570 which is a major support. India VIX is at 25 which is alarming and the type of volatality we are seeing is clear indication of what is happening as we are seeing lot of moves in a range of 40 - 50 points.
Intraday LevelsAs indicated by cues we may see positive opening in Nifty and Nifty can be traded above 6730 we could see 6745 and 6760 and below 6695 we could see 6680 and 6675.
Top pics for the day are RCOM, Ambuja Cem, Exide, Glenmark, Abirlanova, Star, Jindal Steel and SSLT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm TermNity took support at 6650 which I stated as support and so of now is valid and we see Nifty bouncing from these levels, but real change of trend can only be seen above 6770 for 6900 and lower side below 6650 we could see 6570 which is a major support. India VIX is at 25 which is alarming and the type of volatality we are seeing is clear indication of what is happening as we are seeing lot of moves in a range of 40 - 50 points.
Intraday LevelsAs indicated by cues we may see positive opening in Nifty and Nifty can be traded above 6730 we could see 6745 and 6760 and below 6695 we could see 6680 and 6675.
Top pics for the day are RCOM, Ambuja Cem, Exide, Glenmark, Abirlanova, Star, Jindal Steel and SSLT for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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