Nifty broke 5690 intraday to make a low of 5687 which is nearly 5690. A further fall today will make the markets oversold and there could be some upward correction if not today second half then tomorrow. The credit policy the big event for which markets have been diving will be out today.
BPCL stop 620 buy or hold for 665
Bharti has been exhibiting strength.
Canara Bank we had written that break of 624 will take it to 610 but it fell all the way to 590
Ambuja Cem has been forming multiple bottoms at 150 and hence this support has become very crucial
HCL Tech below 519 stop 528 sell for 508-500
HDFC break of 695 will tale it to 685-675-660. Keep 700 as stop. If 695 not broken it could be used as a stop to buy
HPCL stop 360 buy for 425
Maruti 1335 again acted as resistance
Mphasis stop 465 buy for 480-500
Sun Pharma stop will be 460
Tata Steel 607 should hold.
Bhushan below 486 stop 500 sell for 450.
JSW Steel close below 928 will be bad
Sesa Goa above 316 stop 214 buy for 322
Happy Trading!!!
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