Market witness a Strong rally on Budget Announcement and Made a High of 10983.45. Market cool off after Post Budget.
Nifty Closed on 10893.65 (01.02.2019)
Index move towards 11000 & Fail to hold onto the Higher level & witness a sharp sell off on Friday,
Market Fail to close above 10900. Which is a sign that, Traders not confident to build fresh long position on higher levels. Going Forward, 11000 seems to be the Maximum upside possible for the Index on the Current scenario. Market Likely witness a Strong [email protected] Once succeed to cross 11000 & sustain can see a strong bull run to Fresh 52 Week High for the Market.
10800 nearest Intermediate Support for the Market.
If Index slip below 10800 and Sustain, then we witness a downside towards 10600 slowly & steadily.
F&O Ban Stocks: IDBI
Earnings to Watch: EXIDE, GSK LTD, FRETAIL, GODREJ AGROVET, IDBI BANK, IRB INFRA, KEI, SRF, STAR CEM, SPARC, TATA INVEST, WHIRLPOOL, LAKSH VILAS,