Nifty - Above chart is of Nifty future basis
touched the slow of 4835 yesterday. Our target was 4850, below that is bonus
Below chart is of nifty spot on daily basis
On spot also we have achieved our targets.
Traders are recommended to book profits around these levels and wait till trend is clearer.
If we go below 4800, we may be looking 4500 levels. It is going to be a long ride and may not happen without a bounce back. So let us wait will market shows us the trend.
Banking & Metal stocks looking very weak - Yes Bank, PNB bank, TISCO, SAIL etc
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