Nifty Analysis for 6 April

Hope you would have traded Nifty on short side to have nice gains yesterday, as suggested here.

Today expect lacklustre trading with a early bounce in Nifty. It would be difficult to trade this bounce.

However one can trade Short as suggested below.

Intraday levels are: Sell near 7635-7650 level

Next sell level is at : 7673

Support is at – 7582 and 7555

Swing Trades (3-4 days) for 6 Apr-

Long:

AJANTPHARM: Target- 1450, stoploss- 1390

DIVISLAB: Target – 1025, stoploss- 999

HEXAWARE: Target – 258, stoploss- 243

Short:

AMBUJACEM: Target-222.5 , stoploss- 229

LICHSGFIN : Target- 458, stoploss- 477

* Levels are Cash levels (Not futures)