- FII data sold every where.
- F&O data shows more call writing at 5000 call and put shedding.
- Nifty future role over to next month around 9 lakhs.
Morning update: US markets recovered and closed remarkably well and global markets along with SGX nifty is in positive. Hence, we may expect a good opening. But, wait for buying confirmation with volumes in F&O.
Current Spot: 4988.60
Supports: 4950 - 4911
Resistance: 5046 – 5103
Buy NIFTY Above 5010, Sl 4990, Tgt 5030, 5055
Sell NIFTY Below 4990, Sl 5010, Tgt 4970, 4945
Stock Ideas for the Day
ITC: Buy above 248 for targets of 249.50 and 251.25 SL of 247.10
RNRL: Buy above 85 for targets of 85.95 and 86.50 SL of 84.25
HCC: Buy above 130 for targets of 132 and 134 SL of 128
BANG OVERSEAS: Buy above 59 for targets of 61 and 63 SL of 57
HCL Tech: Buy above 330 for targets of 333 and 335.5 SL of 326
Idea: Buy above 60 for targets of 61.5 and 63.5 SL of 59
Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.
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