Market are high volatile seen on Monday trading and Pharma sector indip correction along with PSU banks and Pvt. sector banks. Stock specify movement continue in the market.
Nifty : Time being 9500 made a decent support and hold above we are towards 9650-9700 mark in coming days. Decline to buy side.
Bank Nifty : Trend is bullish with consider support 22950 23000 range as long as trend is bull grip and once crossover and closed above 23500 nonstop target 24000.
PSU Bank stocks : Higher level some selling were seen in this segment and time being to avoid.
Some stocks to be watch out :
Long side : PC JEWELLERS, ESCORTS, HUL, M&M AND TORRENT PHARMA
Short Covering : MGL, INDUS BANK AND KOTAK BANK.
Short build up : Sun pharma, TECH MAHINDRA AURBINDO PHARMA, CG POWER, DLG, UNION BANK, RELIANCE CAPITAL AND MANY MORE
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