Nifty: Resistance 4900/4930/4940/4990
Supports 4822/4800/4770/4745
View: Nifty bounced yesterday exactly from last support (4802) area as we suggested.As we posted on Sunday & previous posts, Nifty is looking weak.Though with support of Global Markets we may see some up today, but will it sustains or not, has to be seen. Sentiments are though not in favour. I would advice all readers that better start booking profits in there holdings & be with 50% cash portfolio. Its better to buy in uptrend, than losing at lower rates.
Better keep sideline today or trade with strict SL and exit with quick profit.
Buy:
HPCL: Abv 249 Sl 245 Tgt 256.5+
LT: Abv 2905 Sl 2875 Tgt 2950-2985+
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