Market Played A Volatile Flat Session Being Infosys Guidance Tomorrow Expecting A Good Bounce Before Close Advicesing To Buy With Sl Of 4000 Also Recomending Infosys To Buy @ 1650 – 1700 For Tgt Of 1775 – 1800 With Sl 1600 Also Buy Moserbear @ Cmp For Tgt Of 5 Rs. Markets Are In Downtrend But As They Are Over Sold Short Covering Rally Can Start Above 4150 Which Can Extend To 4250 Levels Also Tomorrow Being Weekly Close So No Over Night Long Position Is Advicsed.
BUY CALLS INTRADAY :
INFOSYS
MOSERBREAR
DLF
SUZLON
DOWNTREND LEVELS :
4378.52 – 4184.66 – 4163.12 – 3870.17 – 3616 – 3361.83
LEVEL FOR THE DAY
TECHNICAL OUTLOOK :
Imp Support 4040, Imp Resistance 4100,
Likely Trading Range 4040-4125,
Trade on long Above 4068 and Vice versa
Note :- Please don’t use this levels when gap up or gap down. Also either side band is breached shall show breakout in either direction, and close above / below the intra band shall continue with the same trend for next day and can continue for for BTST OR STBT.
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