Markets have been falling for 9 consecutive days. A positive close today is bound to happen and if there is a panic today then go long and book profits towards the close.
Axis Bank 1250 is now acting as resistance
BPCL 665 could not be taken out yesterday but if it is today then with stop of 655 buy for 680-690
Canara Bank 554-584 trade either side
Ambuja 135 also achieved
HCL Tech did not break 490.
HDFC broke 660 and can travel to 635.
HPCL increase stop to 385 and book profits in rallies today
Hindalco 200-209 trade either side
ICICI Bank 1030 also achieved. Below it could fall to 985.
Kotak above 425 stop 420 buy for 435
M&M 684 crucial
Bhushan 467 crucial. If broken then 450-440
JSPL stop 614 buy for 640
Tata Steel 575 very crucial and can be used as stop to buy
Yes Bank stop 280 buy for 295-300
Happy Trading!!!
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