Nifty: Resistance 3335/3379/3399/3464
Supports 3320/3280/3230/3190/3145/3070/3050/2945
View: Nifty may find alot of supports on down side from now on. So avoid shorting at or near support area. One may utilise bounce upto 3400 to short with 3450 as Sl. Alot of measures are being taken by government to stabilize the markets.In such weak/volatile market we always get alot of news/rumours of some happenings. Plz avoid rumours to minimize your loss. We may see a marginal gap up / flat market & then again a volatile session. Plz trade with strict sl. Some stocks like: ICICI,PUNJLLOYD,UNITECH,IOC looking good for short term bounce back, wait for correct time to buy them.
When crude was trading @ $147, we were only to gave Crude Tgt of $110-$90-$75 & (So-called) T.V analysts were giving tgt of $170-$200. Crude almost made a low of $75 now. We only broadly claimed, you all are witness.
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