NIFTY: Resistance 4770/4825/4855/4890/4950
Supports 4700/4670/4635/4620
View: Few days back I posted that we will trade in range of 4500-5000 for few weeks & that is only happening.And you all are witnessing it.Yesterday also Market didn't sustain higher levels under extremely bullish global conditions.People are using higher levels to exit longs and creating fresh shorts.This shows lack of conviction & trust in our market.Overall, yesterday market wasn't impressive for Bulls. Still Above 4600 markets seems to be fine. Inflation is now next cause of worry.Market will react to the steps taken in cabinet meeting to curb Inflation.My view says, best way is to stop future trading in agro products will controll Inflation a bit.
Delivery pick:
RAJESH EXPORT: Buy around 80-84 Short term tgt 100-110
Intraday : SRF With SL 99 Above 100 TGT 103+
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