A gap-up opening expected on the special session this evening. But profit booking expected on higher levels below 10700 mark.
US markets closed above half a percent yesterday and European markets are trading higher more than a percent today.
Nifty Outlook :
Nifty50 was struggling to sustain above 10600 in last four sessions which tremors the confidence of the bulls. It is advisable to wait and judge well before taking heavy positions in the current scenario.
10700 & 10850 are the obstacles whereas 10330 and 10000 are the support levels for Nifty50 in the coming days on technical parameters..
Bank Nifty also need a boost to surpass and close 26100 level though it is in a positive zone.
Other than fundamental scrips, there are some stocks to trade Positionally with a technical view from Nifty 100 :
ABB sl 1283
Ashok Leyland sl 115
BoB sl 106
HclTech sl 995
HDFC Life sl 384
Idea sl 39.5
L&TFH sl 126
NIACL sl 216
Pidilite sl 960
Tata steel sl 565
Ultratech sl 3595
Best wishes.
© 2018 Sharp Investment & Financial Advisers
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