Hello, Friends!
Tomorrow we'll have a trading session after a holiday. So we may expect a directional move. Which side? That time will tell.
For now, further upside will depend on whather #NIFTY50 is able to break it's 50DMA (17100) / 200 DMA (17230) or not. Above these levels, one can witness major short covering.
On downside, no points guessing the major support. It's 17000 which is both, technical and psychological support, breaking of which may see sub 16850 levels as well.
Market is under a 500 points range and need to give a good closing outside this range for clear view. I am expecting that to happen soon. Tomorrow? May be!
Create your positions accordingly.
Sector to focus on: Power, Metal.
Stocks to watch: #KITEX, #DENORA, #RSWM.
Wishing you a successful trading tomorrow.