Nifty: Resistance 2860/2890/2902/2925
Support 2825/2770/2750
Nifty cracked after "not so" happy budget. After no "as expected" news from budget, Nifty crashed. Today lookout for 2825-2770 zone. We may expect a bounce from this zone. But every rise is a exit & not to make fresh longs (this we have been quoting since many days).
On friday alerted that BHEL Looking weak & can touch 1380/1360 zone. Yesterday from 1465 > 1395 ...... I hope you all benefitted.
Today 's Technical Watch: RELINFRA (LTP:533.2)
Current in down trend. Can see a base near 515. Below this level, strong support @ 480-424 area. So one may use dips to accumulate it. Resistance on higher side 545 & stiff resis @ 585 zone.
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