Is Nifty in the Bear’s Grip ?

Nifty Spot 9511.40 (-63.55):- Nifty closed in red and below the crucial support level of 9550 mentioned in our previous report. If Bear trend to continue nifty may face strong selling pressure around 9550 level and it may drag nifty to 9490-9450 level.

On the contrary if nifty holds above the level of 9550 it may try to test the resistance level of 9575-9615 in the upside.

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Nifty key level to watch for Bull Trend is ……

Nifty Spot 9574.95 (-55.05):- Nifty trading range bound and a key level to watch is 9550. Buy on low if continue to hold above this level for target 9590-9640 and a decisive breakout below 9550 may drag nifty to 9510-9460.

Maruti 7219.15:- Sell on high @7245-50 for target 7205-7165 stop loss…

UPL 834.05:- Sell on high @ 839-842 with stop loss above 850 for target 825-810

ITC 311.00:- buy on low for target 313-317 with stop loss……..

JUBLFOOD 922.95: – Buy above 92…. For target 934- 944 Stop Loss below 916

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