Yesterday we told you that mkt will go up upto 4560 level and its touch to our tgt 4550 level and back.
But Today as per Global Cues and also RBI Increse Repo Rate will put negative effect on mkt & bank ,Real Estate & Auto stocks also. Mkt will open below 15000 level. And the downside will continues possible. IIP No. also declared today and mkt exceptation 6-6.5%. All major mkt in red. Dowjones -200, Nasdaq -54.
Positive reason if IIP data will come above mkt exceptation & today IF good news coming from Reliance general meeting. otherwise we can not see recovery.
NIfty 52 week low 4369 react as a crucial support for nifty.
ScripName-----S1----S2----RS.---R2----R1----Position
Nifty--------4449--4473--4523--4541--4565--Go long above R2,Go short below S2.
Adlabs--------512---521---531---539---548---Go long above R2,Go short below S2.
Cent. Text----565---581---612---632---642---Go long above R2,Go short below S2.
DLF----------480---496---512---524---536---Go long above R2,Go short below S2.
Icici Bank--732---742---750---763---773---Go short belowR2.
Infosys----1861--1879--1892--1906--1941--Go short below S2.
J P Asso.-----179---181----184---187---190--Go long above R2.
Reliance-----2200--2239--2261--2279--2299--Go long above R2,Go short below S2.
Rel.Cap------1069--1092--1127--1138--1151---Go long above R2,Go short below S2.
SBI--------1279--1296--1310--1323--1335--Go short belowR2.
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