Nifty is bearish after long time and moved down by 53 points to close at 6675 after making a low of 6660 after expected weakness in monsoon and profit booking. FII Sold INR 44.69 crs and DII Sold INR 347.70 crs.
Shorterm Term
Nifty is looking weak after long time, but we have support at 6660 which is 20 DMA from which it took support yesterday, we may see this weakness for a day or two, but what is important is if we stay below this range for two days we could move to 6550 which is a major support and if we trade above 6770 for two days we can move to 6900 and 7000.
Intraday Levels
We are going to see positive opening, but not sure this will sustain and key is it should not trade below 6660 for more than 10 minutes, if it does we could see 6645 and 6650 and if Nifty can trade above 6700 we could see 6715 and 6730.
Top pics for the day are AdaniEnt, KPIT, Adani Port, HCLTech, ACC, JublFood, DRReddy and CentTextile for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
Nifty is looking weak after long time, but we have support at 6660 which is 20 DMA from which it took support yesterday, we may see this weakness for a day or two, but what is important is if we stay below this range for two days we could move to 6550 which is a major support and if we trade above 6770 for two days we can move to 6900 and 7000.
Intraday Levels
We are going to see positive opening, but not sure this will sustain and key is it should not trade below 6660 for more than 10 minutes, if it does we could see 6645 and 6650 and if Nifty can trade above 6700 we could see 6715 and 6730.
Top pics for the day are AdaniEnt, KPIT, Adani Port, HCLTech, ACC, JublFood, DRReddy and CentTextile for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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