The resistance which we had mentioned at 355 finally broken by Nifty to close above it. Hourly chart shows breakout from Head & Shoulder. New support to Nifty is at 8090. Intraday resistance is at 8430.
We expect Nifty to move up. One can Buy Nifty Futures on dip. Nifty may open flat to negative, but can eventually bounce to trade in green.
Picks for the Day:
Long: ZEEL, BPCL, ULTRACEMCO
Short: ASIANPAINT, ARVIND
We expect Nifty to move up. One can Buy Nifty Futures on dip. Nifty may open flat to negative, but can eventually bounce to trade in green.
Picks for the Day:
Long: ZEEL, BPCL, ULTRACEMCO
Short: ASIANPAINT, ARVIND
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