Nifty gave out small gains after witnessing intraday volatility as traders are booking profits at every higher levels. FII Bought INR 363.24 crs and DII Sold INR 119.90 crs
Shorterm Term
Nifty has closed positive, but despite good opening it gave up all it gains and is looking very weak . The key level to be watched is 6650 at lower side, it should stand strong till some times and it is doing it, but not convincingly but would be a buyer at these level if it was able to support at these levels or would sell if Nifty breaks this level with volumes, but volumes are not visible. I would also would like to sell near 6750 - 6770 levels because earlier support is now a major resistance.
Intraday Levels
We are going to see flat opening and Nifty is giving up it gains. What it shows is market is going to be choppy and people should not expect big moves and should be ready to book profits at every logical levels. I would like to sell at 6745 for 6730 and 6715 and would buy at 6680 for 6895, 6710. On the other side if Nifty comes down from 6775 - 6778 to 6770 we can sell for 6650 levels.
Top pics for the day are Arvind, BHEL, BharatForge, Axisbank,Jubilant, UPL, Justdial, BankIndia and UnionBank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
Nifty has closed positive, but despite good opening it gave up all it gains and is looking very weak . The key level to be watched is 6650 at lower side, it should stand strong till some times and it is doing it, but not convincingly but would be a buyer at these level if it was able to support at these levels or would sell if Nifty breaks this level with volumes, but volumes are not visible. I would also would like to sell near 6750 - 6770 levels because earlier support is now a major resistance.
Intraday Levels
We are going to see flat opening and Nifty is giving up it gains. What it shows is market is going to be choppy and people should not expect big moves and should be ready to book profits at every logical levels. I would like to sell at 6745 for 6730 and 6715 and would buy at 6680 for 6895, 6710. On the other side if Nifty comes down from 6775 - 6778 to 6770 we can sell for 6650 levels.
Top pics for the day are Arvind, BHEL, BharatForge, Axisbank,Jubilant, UPL, Justdial, BankIndia and UnionBank for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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