Nifty:
After giving a rally from 7526 to a High of 15524 – Nifty gave a correction in April Expiry of 1369 points till 14155 and bounced back till 14891 in Today’s session.
Now a major resistance for Nifty is at 15044 – If the Index manages to CLOSE above this level it may be ready to touch its previous High of 15524
Bank Nifty:
Bank Nifty has given a rise of 21750 points (From the low of 16020 to 37770. In the month of April it gave a correction till 30451 and bounced back. Basically it has retested its previously made top and now if it manages to CLOSE ABOVE 34500 levels it may also head for its high of 37770.
3 Stocks That are ready for a 5% move are – Infy
Buy Above 1365
Sell Below 1330
Amaraja
Buy Above 820
Sell Below 790
IGL
Buy Above 521
Sell Below 500
OverBought Stocks
JSW Steel
Tata Steel
Over Sold Stocks:
HCL Tech
