Nifty respected the resistance at 8550 which we had mentioned yesterday. During last trading hour Nifty made downward movement of almost 90 points, but closed near its open.
For today I see 2 scenarios-
1. If Nifty breaks yesterday's high of 8550 it should move further up to 8625-8650
2. Nifty to move down to its immediate support at 8410-8270.
I would go with second possibility.
Pick Of the day- Sell Exide for target of 176.30. Maintain stoploss near 179.70
For today I see 2 scenarios-
1. If Nifty breaks yesterday's high of 8550 it should move further up to 8625-8650
2. Nifty to move down to its immediate support at 8410-8270.
I would go with second possibility.
Pick Of the day- Sell Exide for target of 176.30. Maintain stoploss near 179.70
No comments:
Post a Comment