Nifty formed engulfing pattern on Thursday, US markets are in green but don’t expect Indian Market
Nifty futures… Sell Below 18699
The downside target looks 18661—18623 and thereafter 18563 levels too in the intraday trading session
Any sharp rise will be a selling opportunity in it… Stop the loss of 18877
Bank Nifty futures… Resistance zone 44357—44588
Sell on the rise with a stop loss of 44588
Belo 44156… The downside target looks 44026—43977 and then to ???
Keep an eye on PSU Banking Stocks
Bank Baroda CMP 188… Sell it with a stop loss of 194
The downside target looks 181—177 and then to 163 too in days to come
Canara Bank CMP 314… Sell with stop loss 325!!
The downside target looks 303—296 and then to 281 too in days to come
HERO or ZERO
Buy Bank Nifty 43700 PE around 90.00
Risk of 2250/- per lot
Target looks 250+++