Ready for Short Selling by Intraday and Short Term Traders,…
Now, Question is what the market turning points?
Just watch careful 5918 and 5928 and 5937!
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BankNifty Spot
Above 12560 see rally up to 12620.
Hurdle at 12613-12630.
Crucial support at 12450-12436.
If trades below this zone then see slide up to 12403-1372.
Arvind
Close = 76.90
Sell On rise Below 78
Hurdle at 78-79.35
If trades below 76.55 Expect slide up to 75.75 to 75.40.
If sustains below 75.40 then see lower levels up to 74.25.
Support at 74-72.35
Hind Unilever
Closed below short term rising trendline.
Strong hurdle at 469-473 for shrot term trend.
Traders may short at near or within this zone.
Suppose to trade below 462 then see slide up to 459.
More down side up to 454-450 if sustains below 459.
Exit all short position if trades above 479.
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Nifty Future
(Updated at 07.40 AM)
On Friday written that sharp retracement
not ruled out from 5930-5940 zone.
Nifty spot moved down to 5860.50 and closed at 5871.45.
Trading view for Today………
No worry for bulls above 5840 for short term trend.
Support at 5870-5877 zone.
If trades below 58770-5865 for 15 minutes
then see slide up to 5854-5844.
Crucial support at 5840 & major support @ 5800.
Above 5892 see rally up to 5900-5908.
If trades above 5908 and not breaking below 5888 then
see blast up to 5929-5941-5955.
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We had mentioned today that Nifty would see correction below support at 5899-5885. Nifty moved down to 5860.
Now Below 5850 Nifty may touch 5835. Next support at zone is at 5850-5833.
Key equity benchmarks closed in red on the first day of the new derivatives expiry. Indices have gained over 6 percent in the last fortnight and seems like traders have lightened their positions in the realty and banking stocks ahead of the monetary policy review on May 3.
Maruti Suzuki was the top gainer on the Nifty followed by Bharti Airtel, Bajaj Auto, GAIL and Larsen. HCL Tech, Jindal Steel, Reliance Industries, Jaiprakash Associates and HUL were top losers.
Maruti Suzuki’s fourth quarter standalone net profit rose significantly by 80 percent year-on-year to Rs 1,148 crore, sending its stock surging to a new 52-week high of Rs 1,693 on NSE. Revenue was up 14 percent to Rs 13,304 crore in this quarter. The stock closed up 5 percent at Rs 1673.0
LIC Housing Fin
247.85 15.50 (6.67%) Vol :9.63m
LIC Housing Finance’s Q4 net profit grew by 24%(beating analysts’ forecast) YoY to Rs 316 crore.
Idea Cellular
122.40 5.95 (5.11%) Vol :14.87m
Idea’s Q4 consolidated net profit grew by 34.7% QoQ to Rs 308 crore, helped by strong subscriber additions.
Delta Corp
63.60 -7.05 (-9.98%) Vol :2.11m
Delta Corp reported a consolidated net loss of Rs 13.28 crore in the fourth quarter.
Biocon
278.85 -10.60 (-3.66%) Vol :981.32k
Biocon’s Q4 consolidated profit grew 2.5 times YoY to Rs 249 cr, boosted by one time exceptional income of Rs 202 crore.
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