The market fell this week, with the barometer index, the Sensex, falling below the psychological 27,000 mark. The Sensex and the Nifty declined in all five trading sessions during the week.Weekly data shows in the past trading sessions, we have seen strong Put writing in 8300/8200/8100 strikes & major Call build up at 8500/8400/8300 strike indicating a positive bias for market, in the near term.
If we talk about Nifty weekly chart, strong support is seen at 8050. If it breaks with high volume, more bearishness is expected. According to Experts at NIFTY TRADING TIPS it is advisable to Sell Nifty Future below 8025 Target 7975, 7925 Stop Loss 8125.
Sell Bhartiartl Future Below 346 Targets 341 , 336 , 331 Stop Loss 356
Sell Bhel Future Below 198 Targets 195 , 192 , 189 Stop Loss 204
Sell Sbin Future Below 236 Targets 233 , 230 , 227 Stop Loss 242
Sell Hindalco Future Below 83 Targets 82 , 81 , 80 Stop Loss 85
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