Best Opportunity For Up-Coming Market

PSU Banks is in the limelight from couple of days and most of the market movement is trading around PSU Banks. Today Indian Equity Benchmark indices was in green at pre opening session but after the start Indian market was trading in bearish trend for major part of the day mainly due to most of the banks has reveal exposures in PNB fraud case. Last hour of the day has some relief for the traders as benchmark indices have recovered significantly in the last hour of the day. All sectoral indices today again traded in negative territory with Nifty PSU bank index was again biggest looser among all , falling 2.36 percent in today session which was followed by Nifty Pharma which was down by 1.66%

Today Sensex closed with a loss of 236.10 points at 33774.66, Nifty future closed with a loss of 77.85 points at 10375.50 and Bank nifty future closes with a loss of 119.95 points at 25072.25.

Bharti Infratel, Coal India and Reliance were top Nifty 50 gainers today and Tata Steel, Adani Ports and Dr Reddy Labs were top losers today.

OPPORTUNITY!!!!!!! OPPORTUNITY!!!!!!!!

Indian equity market is looking to give opportunities to traders and investors from now despite having pressure from PNB fraud case and we suggest our viewers not to be panic from short falls in the market as from now these will bring opportunities to buy on dips and maximize your profit till Nifty future breaks 10275 levels which will be crucial stop loss from now. Tuesday market is looking in the favor of bulls because indices are trading at very crucial support level and in the last hour of the day bulls has shown significant presence in the market with high volumes has been witness at the end of the day which shows bulls are still active and will take over market sentiments from now for the time being.  Both Nifty future and Bank Nifty future tried to break their crucial support level but couldn’t sustain below it.  We like to advise our readers to add more stocks in their portfolio as market will be full of opportunities and day traders should adopt buy on dips strategy for Tuesday market and enjoy the ride as ample of opportunities will be coming your way.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10290 and 10200.

Resistance of Nifty future is placed at 10490 and 10640.

Support of Bank Nifty future is placed at 24810 and 24560

Resistance of Bank Nifty future is placed at 25350 and 25620.

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