Dear All,
Spot Nifty will be trading the a narrow range with negative bias for the couple of days. Downside levels to look for are at 4830 & 4760, while the resistance is at 4910. Only a close above 4910 could bring in a change of sentiments. The downside levels mentioned are to be watched and should not be used to buy or take long positions unless a confirm reversal happens (confirm reversal of short term will be only on a close above 4910).
Index is managed for now, with sectoral shifts. For the day, IT will give good choice of trading for long positions while Auto, Banks, Metals will be on the negative side. Power and FMCG will be mildly negative. Oil & Gas will be neutral.
Thanks & Regards
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com
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