Intraday Range: 17000-17300
Short Term Range: 17000-17550
Intraday Range: 38800-39500
Short Term Range: 38800-40000
Major draggers: Majority of the sectors were Flat to Mild Bearish.
A probable dark horse: #HFCL
A volatile weekly expiry followed by a flat Friday. Will we see a Gamma move today? US Market are falling as if there is no tomorrow. A Gap Down today is highly likely. Personally for me, 17000-17050 is good buying zone for a reversal to 17400-17550 levels. Below 17000, 16800 is the key support, which is holding market from falling further. Many of you might have already accumulated good stocks last week & may not have capital left for further averaging. In that case, simply close console & stop watching markets. You've done your action, let market give it back to you. Hold patiently! 🙂
Wishing you a profitable day ahead!