The Nifty is likely to open negative on the back of negative global cues. It is likely to trade in the range of 4,870-4,960. The trading strategy would be to create short positions if the Nifty resists around 4,942 levels for targets of 4,912 and 4,890. On the other hand, one can also create long positions if it takes support around 4,880 levels.
Trade short in Nifty below 4,930 or else from 4,950 levels with stop loss placed at 4,980 for the targets of 4,900-4,880 levels.
Sell Sun Pharma with a target of Rs 550 and stop loss of Rs 590.30.
Sell Tata Power with a 2-3 day target of Rs 80 and stop loss of Rs 97.
Trade short in Nifty below 4,930 or else from 4,950 levels with stop loss placed at 4,980 for the targets of 4,900-4,880 levels.
Sell Sun Pharma with a target of Rs 550 and stop loss of Rs 590.30.
Sell Tata Power with a 2-3 day target of Rs 80 and stop loss of Rs 97.
0 comments:
Post a Comment