Indices traded on a positive note. Monday’s gap up opening but a sluggish move for the entire day created panic in the mind of traders/investors while daily FII’s and DII’s data also a major concern nowadays.
Nifty futures last close: 15868
Watch 15877 levels carefully.
Break and sustain above 15877 will take it to 15922—15948—15999 levels.
More and more upside rally we will see on a close above 16002 levels.
Panic below 15816 levels only
A decisive break below 15816 will take Nifty futures to 15788—15763 levels
More and more downside panic we will see on a close below 15740 levels only
Support a
Bank Nifty futures last close: 33364
On the weekly chart, we clearly indicated buying in Bank Nifty futures above 35100.
Skyrocketed and made a high of 35366
Watch 35412 levels carefully… Break and sustain above 35412 will take it to 35698—35813
Major hurdle at 36100
Panic below 34900 levels only
Good buying opportunity in Bank Nifty futures in the range of 35200—35050 with stop loss below 34900 on a closing basis
Trendy SAIL Futures
Above 127.50… Target looks 130.50—132+++ levels
Stop loss below 123.50 on a closing basis
Trendy Bajaj Finance Futures
Triangle pattern formation on a daily chart. Watch 6118 levels carefully.
Decisive break and sustain above 6118 will take Bajaj Finance till 6268—6311 and then to 6448 levels too in days to come
Maintain stop loss below 5950 on a closing basis.
Option Call
Buy Bank Nifty 35500 CE (15 July) above 260. Stop loss below 150.00. Target 500+