|OPEN: 14,999.05||HIGH: 15,010.10|
|LOW: 14,635.05||CLOSE: 14,675.70|
|LOWER RANGE: 14,600||UPPER RANGE: 14,725|
Yesterday FII and DII have continued their sales. Market was initially positive, but later it has fallen 300 points. Bank nifty has fallen 1500 points. There was a signal of slight recovery, but in last 30 mins market has witnessed huge fall.
There is addition of open interest 14,800, 14,900, 15,000 . Call writer is most active at this point. So the expectation is that Nifty will expire at this range. Nifty lower range is 14,600. Breaking this level means nifty will further go down. SGX nifty is up by 100 points. There can be gap up opening today.
|ASIAN PAINT||2400||Buy above this price|
|HDFC BANK||1550||Buy above this price. Once HDFC bank takes support it will be good buy.|
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