Market Outlook
The Nifty did a gap down yesterday and did not provide a lot of trading opportunity. Market remained volatile. The index has a support around 7240. The level is crucial and whether it holds or not is what we should look for. Current trend is down.
0930
Short IRB @ 225.60
0950
IRB 222.85. WIN
0957
BHEL short @ 130
1002
SBI short at 164.60
1047
IRB @222. Winning streak continues
1233
SBI trading @163.50. WIN
Midday Blues.
No sign of recovery in the markets. The nifty appears weak at around 7230.
1401
BHEL trading @ 127.7. WIN
100% win. All calls have given a positive return.
1408
SBI trading at 160.25. On a winning streak.
1504
SBI @157.70. Big WIN.
Nifty is on a down trend. No reversal signs yet. For short term recovery there is a support at 7240. A close below the level will make it worse
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