Charts: TATA POWER - TATA STEEL - SAIL
Charts: RELIANCE - ICICI BANK - NIFTY FUTURE 30 MIN
NIFTY FUTURE:
Although Reliance was down by about 5%, Nifty Future remained quite firm in view of compensating gains in other heavy weights viz. Infosys, SBI and Hindustan Lever.
Tomorrow's market movement will be guided by RBI credit policy which is normally announced by about noon.
Below 4600 market may show downward bias. Nifty future should be sold below 4525 with a stop loss of 4560 and target of 4450. In case Credit Policy is not favourable, Nifty Future can even go down till 4390.
On higher side one can buy Nifty Future above 4600 with stop loss of 4575 and target of 4650 and 4680.
Please do not forget to use STOP LOSS.
With best Wishes,
Ketan Asher.
Thought for the Day
The worst decisions, in life and markets, come from extremes:
overconfidence and a lack of confidence.
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