As you know market is bearish so most of us are expecting market to go down today.
Will Nifty touch 10,000 or 10,100 level today?
Technically Nifty is in down trend.
Today Nifty can go down upto 10,180-10,200 level
There is strong support in 10,180-10,200 zone so it can bounce back from there
But there will be less buyers so moving upward can be slower
On upperside Nifty can go upto 10,380 level.
So range for today is 10,180 to 10,380
The above levels are approximate
It seems Nifty and few stocks are is getting manipulated by big players - FIIs
So technical prediction becomes more difficult.
But it seems they will not allow Nifty to go much below 10,180 level.
The above analysis is based on technicals so any news can override this
Nifty can remain range bound for quite some time in lower area
Which stocks are good to buy?
ITC - (actually I am recommending this since quite sometime and now it has moved little higher- I have bought @Rs.265)
Bajaj Finance - (good opportunity, may bounce back today itself)
Reliance Industries
Maruti
Tata Motors
Yes Bank
Indusind bank - (there are operators in this stock and they take it down sharply)
The above stocks are good for positional trade and long term.
The above stocks may go down from their current level so Do not buy in one go, keep buying on dips
USD-Rupee is Rs.73.72
Brent crude is $79.30
Will Nifty touch 10,000 or 10,100 level today?
Technically Nifty is in down trend.
Today Nifty can go down upto 10,180-10,200 level
There is strong support in 10,180-10,200 zone so it can bounce back from there
But there will be less buyers so moving upward can be slower
On upperside Nifty can go upto 10,380 level.
So range for today is 10,180 to 10,380
The above levels are approximate
It seems Nifty and few stocks are is getting manipulated by big players - FIIs
So technical prediction becomes more difficult.
But it seems they will not allow Nifty to go much below 10,180 level.
The above analysis is based on technicals so any news can override this
Nifty can remain range bound for quite some time in lower area
Which stocks are good to buy?
ITC - (actually I am recommending this since quite sometime and now it has moved little higher- I have bought @Rs.265)
Bajaj Finance - (good opportunity, may bounce back today itself)
Reliance Industries
Maruti
Tata Motors
Yes Bank
Indusind bank - (there are operators in this stock and they take it down sharply)
The above stocks are good for positional trade and long term.
The above stocks may go down from their current level so Do not buy in one go, keep buying on dips
USD-Rupee is Rs.73.72
Brent crude is $79.30
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