We recommend all traders to keep watch on 5094 level on upside and 4980 level on downside, for all their trades, as these levels hold the key for the further market movement. The major support for market is still the 4900 level, and bears will be active below this level only. However if surging on the upside, traders must stay cautious in range 5145-5225, as profit booking can come in this range if nifty reaches this height in coming days.
Nifty Level
Resistance- 5094-5120-5145-5180
Support - 5012-4980-4944-4910
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Intraday Calls
- Timken Ind abv 134 tgt-136.2-140-145+
- Kwality dairy abv 710 tgt-715-722-730+
- Geojit BNP abv 46 tgt-46.5-47.3-48+
- Reliance Cap abv 952 tgt-960-964-971
- Also watch LITL,Zylog,Motilal Oswal,SREI Infra.
For all trades,keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.
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