Good morning, friends!
I hope you're doing well & read to welcome tremendous Tuesday. We've witnessed back to back profit booking sessions with thick red candles tells the intensity & most probably opening in good red today as well.
Witnessed back to back selling days and seemingly ready for hattrick. I'd want to go long around 17300-17350 zone for a small pull back. 17550-17700 are all resistances now and need to be watched. For Intraday, Buy above 17550 or Sell below 17400.
Broke 38600, a good support which was earlier a good resistance. Now 38000 is both technical & psychological level, which if broken, may see 37600- levels. But I expect it to hold and may see a good bounce from this level for short term to meet resistance at 38550-38700 zone. For Intraday, Buy above 38400 or Sell below 37950.
Sector to focus: IT, Energy, PSU Banks & Entertainment for Long & Pharma, Metals & Realty for Short.
Stocks to focus:
Wishing you a profitable day ahead!