Good morning, friends!
I hope you're doing well. Yesterday's market was volatile and somehow we ended in green. Let's see what are the levels for today...
17250 as mentioned yesterday was a level to watch out for. It did break it and made a lot of 17215 but closed above it, infact closed in green above 17340. Thus, no change in yesterday's levels. Sell below 17300 and Buy above 17350. Below 17250 on DCB, we may again see 17000/16900 levels. Above 17450, we may see 17550/17700+
Looked comparatively stronger and managed to achieve closing above 38000. Above 38200, it may do 38800-39200. Good support around 37700-37600 which needs to be broken for some decent profit booking. Overall fuelled by PSU banks, looks like this rally may continue further. Keep stocks like #BANKBARODA & #SBIN in radar for coming days, and ofcourse don't forget yesterday's under-performer #HDFCBANK as it may again start doing well.
As mentioned yesterday, I'd a little cautious for longs. Not bearish, just a little cautious. Keep your longs hedged. Wishing you a profitable day ahead!