Khatta ya Mitha: 50-50%!!!!

Hi All,
What a correct prediction it was???

But, what was the reason behind sudden fall in the market? May be Long Position covering, because if we look at open interest of Call Option, then you will realize in coming days market will touch the level of 5500 - 5600 very easily, and if market sustains above 5650 level, then only we can say market has taken confirmed U turn of Bullish Pattern. But if suppose market remain down at the level 5280 then, it will definitely touch 5000 level. Huge FII's & DII's buying at in Cash market and in F & O market suggest 5500-5600 levels. 


Tomorrow market will open slightly on positive side, but today's selling pressure may pull the market down, on a intra-day basis but gradually it may recover. 

Pivot Level:
P: 5373
S1, S2, S3: 5268 - 5205 - 5100.
R1, R2, R3: 5437 - 5541 - 5605


Technical Support: 5308 - 5232 - 5170
Technical Resist: 5477 - 5495 - 5519


Intraday Stocks:

1. Coal Ind: Long Position
2. IOB: Long Position
3. ITC: Long Position
4. PGHH(P & G Hygiene & He): Long Position (This stock is Proctor & Gamb 500459) 
5. APLAB: Short Position
6. Corp Bank: Short Position 

F & O Stocks:

1.  Aban: Long Position
2. Adani Ent: Long Position
3. Bajaj Hold: Long Position
4. Canbk: Long Position
5. COLPAL: Long Position
6. Hindalco: Long Position(Risky Trade)
7.  Industrial Bank: Long Position
8. M & M: Long Position
9. MudraPort: Short Position 

Delivery Stocks:

1. IDFC: Short Term Hold
2. IOB: Short Term Hold
3. HDIL: Medium Term Hold 
4. IVRCL Infra: Medium Term Hold

If you have any query please get in touch with me.

Sincerely,

Anagha Bhave

[Technical Analyst]

Precise Analysis Pvt Ltd.

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