Index continue its down tick for the straight 3rd Trading session. Market opened around to its previous day close & made a move above 10900 but Doesn’t show much Buying Interest above the Level & Fail to Sustain, that lead to downside towards 10820.
Nifty Closed on 10831.40 ( 12.02.2019)
As per the Current Scenario, 10800 Important Level for the Market.
Index Hold on above 10800, then can see an upside towards 10900-10920, Strong Sustainability shows above 10920 then 11000 also Possible.
IF Market slip below 10800 & Sustain then will witness a steady fall towards 10700/10600.
“Overall outlook for the Market on the Buy-on-Dip till we manage to close above 10800, Once we fell below 10800 mark and Closed below the Level, Overall outlook turn to Sell-on-Rally”.
F&O Ban Stocks: ADANI ENT, DHFL, IDBI, JET AIR, REL CAP, RPOWER
Earnings to Watch: ADANI TRANS, BHARAT FORGE, BOSCH, FORCE MOTOR, FORTIS, GODREJ IND, GUJFLUORO, GMDC, INDUSIND BANK, LEMON TREE, NBCC, OFSS, RELCAP, REPCO HOME, TAKE, TNPL