Nifty had small gains after witnessing high intraday volatility. What have gone up started coming down which are banks PSU's. What we have seen is FII Sold INR 104.53 crs after long though it is small amount and DII Sold INR 656.83 crs.
Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.
Intraday Levels
We could see flat to positive opening today as indicated by cues. Nifty is good above 7300 for 7315 and 7330 and sell at 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.
Top pics for the day are Tatachem, TataComm, BhartiAirtel, SSLT, Zeel, IRB, Titan, CoalIndia, BajajAuto and HCLTech for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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