AMRESH B. TIWARI
TECHNICAL ANALYST & PORTFOLIO MANAGER
It was weak closing yesterday.Market opened lower and trade with negative bias throughout the day.the biggest losers being interest rate sensitive sectors like banking and realty. There was positive movement seen in Healthcare sector.
Trading Strategy:-
5480 is an important support level considering the daily charts. if Nifty closed below 5480 then we see more selling pressure in the market. nifty can test 5435-5400.on the upside 5530-5575 may act as resistance for the 2-3 days.
Stock watch:-
TATA MOTORS :- Crossover above 1220 then it can test 1233 & 1248. Downside 1200 is a crucial support. keep stoploss of 1200 to your buys.
Bank Of Baroda :- Crossover above 910 then it can test 925. keep stop loss of 894 for the buys.
TECHNICAL ANALYST & PORTFOLIO MANAGER
It was weak closing yesterday.Market opened lower and trade with negative bias throughout the day.the biggest losers being interest rate sensitive sectors like banking and realty. There was positive movement seen in Healthcare sector.
Trading Strategy:-
5480 is an important support level considering the daily charts. if Nifty closed below 5480 then we see more selling pressure in the market. nifty can test 5435-5400.on the upside 5530-5575 may act as resistance for the 2-3 days.
Stock watch:-
TATA MOTORS :- Crossover above 1220 then it can test 1233 & 1248. Downside 1200 is a crucial support. keep stoploss of 1200 to your buys.
Bank Of Baroda :- Crossover above 910 then it can test 925. keep stop loss of 894 for the buys.
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