As predicted the market did indeed turn bullish yesterday.
The outlook for today is that the bullish undertone will prevail. The benchmark index has the immediate support at 6021 and 6003, which if breached may see it go down to 5964 levels.
However, if the nifty manages to stick its head above the 6021 mark consistently, then it will face immediate resistance at 6046 and 6068. If these are conquered then Nifty may gain further up to 6098 and 6144.
The intra-day/ short-term traders who have been following our advice and riding longs may raise their stop loss at 5960 and add Nifty put option if and when nifty is around 6140 levels.
The mid-term investors may bid HCL Tech at 851.85 in small quantities and if it further weakens then add more by bidding at 841.05 and again at 829.10.
No comments:
Post a Comment