Daily stock and index trading ideas and recommendations by Inder Bhatia, accomplished analyst and stock trader in India
Last week sensex rose 506 point as 2.96 %and the nifty close higher 2.79% .On the daily chart nifty had made spinning top candlestick pattern it indicating for profit booking at higher level one can buy at lower level around 5220-5180 zone .Nifty is making higher top higher bottom formation on daily chart .On the upside trading above 5306 level it likely to test 5340-5380 level . On the other side 5246 -5148 zone will act as support for the week
The Indian market opened flat note saw selling pressure at higher level close with negative zone . For coming session 5247 level with act as support for nifty below 5247 it can test 5220 -5180 zone .On the upside trading above 5303 zone it likely to test 5340 zone .
BUY JAIPRAKASHPOWER ABOVE 72
SELLBOB BELOW 690