Bears captured the markets and with the opening of the session they plunged as a result of depreciated rupee and closed below surpassing all their support levels. Nifty future showed a free fall from 5700 level and witnessed worst fall in two years and closed near crucial 5500 level. Still, the major support of 5480 is not broken which is indicating further bearishness and will find its next support 5460-5400. Major resistance is seen around 5600 from current levels.
SUPPORT : 5460 & 5400
RESISTANCE: 5560 & 5600
Daily Markets Trend–
- Rupee triggers bloodbath at D-Street; Sensex tumbles 750 points.
- Jain Irrigation plunges as Q1 loss widens.
- Titan Industries falls on tightened gold import norms.
- Escorts hits 2-year high as Rakesh Jhunjhunwala buys stake.
Stock Future Calls–
BANKBARODA FUT SELL BELOW 475 TARGETS 471/467/463 SL 479
JINDALSTEEL FUT SELL BELOW 210 TARGETS 208/206/204 SL 212
Intraday Stock Calls–
APOLLOTYRE EQ SELL 64.35 TARGETS 63.70/63/62.30 SL 65
CENTURYTEX EQ SELL 210 TARGETS 207.90/205.80/204.70 SL 212.10
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