Nifty: Finally correction started which I was waiting for and this correction have everything to take Nifty down to 10k again. for Intra day basis yesterday we have 100 points range so possibility of Inside day today. Don't recommend aggressive shorts even below yesterday low. small qty. can be added near 10107-10115 with 10160 as SL. Yesterday we have a small buying tail from the lows which might get tested for supply/demand.
HDFCBANK: 1828 is level to watch out for. in case open gap-down then wait for up side rejection.
SUNPHARMA: Pharma was most strong sector yesterday. Area near 506 is watch out for in coming days. Till then buy the dips. Strong USD is supporting pharma sector.
USDINR: it is in somekind of hurry to go above 65. keep SLs tight and trade with less qty and we getting WRBs as & when.
NOTE: ALL CHARTS & COMMENTS ARE FOR EDUCATION PURPOSE & NOT INVESTMENT ADVICE.
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