Nifty Spot
Buy above: 4987.89 Targets: 5003.05 - 5020.75 - 5038.47 - 5056.23 Stoploss : 4970.25
Sell below: 4970.25 Targets: 4955.11 - 4937.53 - 4919.97 - 4902.45 Stoploss : 4987.89
BANK NIFTY
Because of the gap up opening 9190 now becomes a support line - above 9332 gap filling up till 9420 shall take place and you can expect some violent up moves.
BUY BN above 9240 - trgts - 9284-9332- 9420
The market may open gap up but has strong resistance @ 5035 and 5060. The gains maybe short lived and maybe erased during the second half - Book profits on the go. If you feel trapped in a stock book losses and get out but do not hang in there waiting for your price to come back.
Infy posts its results soon - and we highly doubt the results would be anything extra ordinary - the way Infosys has been behaving we could see some major drops pretty soon.
BUY 2450 PE @ 51 keep stoploss @ 40 target 75-80
Buy above: 4987.89 Targets: 5003.05 - 5020.75 - 5038.47 - 5056.23 Stoploss : 4970.25
Sell below: 4970.25 Targets: 4955.11 - 4937.53 - 4919.97 - 4902.45 Stoploss : 4987.89
BANK NIFTY
Because of the gap up opening 9190 now becomes a support line - above 9332 gap filling up till 9420 shall take place and you can expect some violent up moves.
BUY BN above 9240 - trgts - 9284-9332- 9420
The market may open gap up but has strong resistance @ 5035 and 5060. The gains maybe short lived and maybe erased during the second half - Book profits on the go. If you feel trapped in a stock book losses and get out but do not hang in there waiting for your price to come back.
Infy posts its results soon - and we highly doubt the results would be anything extra ordinary - the way Infosys has been behaving we could see some major drops pretty soon.
BUY 2450 PE @ 51 keep stoploss @ 40 target 75-80
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