|OPEN: 15,279.90||HIGH: 15,314.30|
|LOW: 15,170.75||CLOSE: 15,208.90|
|LOWER RANGE: 15,150||UPPER RANGE: 15,250|
Asian market is almost negative. Second session NIFTY falls around 100 points.The question now is it a crash or correction. HDFC and HDFC bank contributed 50% fall in the market. Reliance has supported the market. PSU banks are bullish. Bank Nifty falls 400 points, then up by 600 points and again fall of 600 points. It was very good for an option trader.
Nifty open Interest increased at 14,500 CE, 15,400CE and 15,300CE level.Put side 15000 PE. if the market falls it may fall again up to 15,000. 15,150 level is the support. Breaking the support more consolidation will start.
|ASIAN PAINT||2400||Buy above this price|
|HDFC BANK||1590||Buy above this price|
Disclaimer: Our forecasts are based on predictions from our algorithms. However and they involve risks, variables and uncertainties. No guarantee is presented or implied as to the accuracy of forecasts, projections or predictive statements contained herein. Invest at your own risk