SHORT NIFTY BELOW 8100;UNTIL THEN HOLD LONG POSITIONS

PREVIOUS RECOMMENDATION UPDATE:

zeel hit tgt 460 made high of 461.25 call given on 28 dec 2016

yesbank hit tgt 1165 made high of 1175 call given on 29 dec 2016

Sensex ended with a gain of 48 points at 26,643. It opened at 26,616, touched an intra-day high of 26,724 and low of 26,488.The Nifty closed with a gain of 13 points at 8,192. It opened at 8,196, hit a intraday high of 8,219 and low of 8,149. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8100 levels for Nifty and 17906 levels for BankNifty. Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8100 levels and BankNifty closes below 17906 levels, then market would see a sharp breakdown. So traders can hold long positions only till Nifty and BankNifty hold these levels by closing.

TOP GAINERS:  Power Grid, Coal India, BHEL, Yes Bank, Axis Bank, Zee, Gail,ICICI Bank 

TOP LOSERS:  Bharti Airtel, Idea Cellular, Hero MotoCorp, Tata Motors, UltraTech Cement