Zigzag moves continue in the Indian stock market. Yesterday indices moved up sharply but unable to breach the resistance level of 16000 and 36000 levels respectively. SGX Nifty is trading slightly lower around 15795 levels whereas PCR is trading around 1.10 which has maximum pain at 15750 levels.
Our trendy stock… Tube Investments skyrocketed from 1106—1135.
Nifty Futures; Last close 15833.80
Above 15841… upside target looks 15878—15926 and then to 15961 levels
Major hurdle intact at 16000… Will it break???
Nifty future has immediate support at 15758.
Break and sustain below 15791 will take it to 15758—15721 and then to 15698 levels.
Trade safely as per the levels given above as zigzag move continues
Bank Nifty Futures; Last close 35761.65
Bank Nifty has resistance at 35950—36100 and support at 35300
Decisive break and sustain below 35655 will take it to 35450—35300 levels.
More and more downside panic we will see on a close below 35300 levels only
Hurdle intact 35950—36100 levels.
Trade safely as per the levels given above. More we will update during market hours
Trendy Stock- Grevescot
Watch 177.50 level carefully
Above 177.50… Catch it with stop loss below 168 for the upside target of 187—193