SOME IMPORTANT LEVELS FOR INDIAN STOCK MARKET
Nifty has important support level at 5470 and 5430. If these levels are broken then the nifty can head towards 5370 or even 5130. The nifty will turn bullish only on a close above 5775. Short term resistances are placed at 5690 and 5750.
The BSE SENSEX is hovering in the band of 18000 to 18500 support levels.The breach of 18000 level can take it to 17500. The long term will turn bearish only on a close below 17500. Till the level of 17500 holds, there is a high probability that we make a NEW HIGH in the next 12 months.
For a swing trader , TITAN INDUSTRIES LIMITED can be an exciting trade. It closed at 240 levels. The stock can go towards 200 levels. On the upper side 280, 300, and 315 are resistance levels. I feel it can give a swing of rupees 50 either way.
Watch this space for more trading strategies. Have a
memorable Sunday. CHEERS!
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