Hi All,
From last few days market was negative because of political instability. But that gets settled down on Saturday which indicates strength of the market, so, for time being market was on bearish mode, but tomorrow onwards market will be more on positive side.
Tomorrow market may open on positive note, after that due to profit booking, it may drag down for a while, but overall market may be in bullish mood, as there was a boosting decision taken by government.If market manages to stay above 5920 level then it may touch the level of 6000 shortly.
Concentrate on pharma and Oil stocks, and off course banking stocks also.
Pivot Levels:
P: 5863
R1,R2,R3: 5905 - 5969 - 6010
S1,S2,S3: 5800 - 5759 - 5695
Technical Support: 5822 - 5810 - 5778
Technical Resist: 5864 - 5886 - 5926
Tomorrow's trading session will decide the market direction, so, its safe to play in nifty rather than stocks, till that point, once the direction gets fixed, then logic in trading in stocks, till that point of time trade in nifty future, its safe game who are having holding capacity.
Sincerely,
Anagha Bhave
[Technical Analyst]
Precise Analysis Pvt Ltd.
Flat No: 7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038
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