FUTURE :
“BUY CEATLTD
ABOVE 1015 TGT 1025/1050”
“SELL
CEATLTD BELOW 1004 TGT 990/975”
DAILY CHART FOR CEATLTD:
Market to see Sharp Correction,
Watch out 7780 or 7910 for further direction
CEATLTD is a buy with a stop loss of Rs
1,000 for target of Rs 1,050/1075. Today, The Sensex ended with a loss of 69 points at 25,705. The Sensex opened
at 25,671 touched an intra-day high of 25,747 and low of 25,503.The Nifty
closed with a loss of 21 points at 7,870. The Nifty opened at 7,847 hitting a
high of 7,882 and low of 7,811. Indian Stock Market would open
negative. Technically, Indian Stock Market is still in positive zone. Now,
Nifty would see some sharp correction today. Nifty is moving in a rangebound
region. Nifty needs to close above 7910 levels to see a breakout in days to
come or else has to close below 7780 levels to see a
breakdown. Breaching any of these levels by closing would force market to move
sharply in that direction. Traders can buy near support and sell near
resistance levels until any of these levels are not breached on closing basis. Nifty would see strong support
at 7815-7780-7730-7715 whereas strong resistance would be seen at
7896-7926-7980 levels.
TOP GAINERS: ONGC, SBI, Adani
Ports, L&T, Dr.Reddy's and Lupin
TOP LOSERS: Maruti Suzuki,
BHEL, Bajaj-Auto, Hero MotoCorp, Tata Motors and Asian Paints
No comments:
Post a Comment