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Forecast

NIFTY Nifty

gained further with a gap up opening and once again breached above the 22000 zone and sustained the levels with bias maintained strong expecting to retest the previous peak levels in the coming sessions. The index would have the 21800 level as the important support zone and can expect for higher targets of 22400 and 22800 levels once a decisive breakout above the previous peak level is confirmed. The support for the day is seen at 21900 while the resistance is seen at 22200.

BANKNIFTY

BankNifty, with a gap up opening surged ahead but witnessed resistance near 46700 zone and with profit booking seen slipped down to end near 46400 levels. The index would have the crucial hurdle of 46800 levels which need to be beached to expect for further upward move while on the downside the levels near the significant 50EMA zone of 46100 would be the near-term support level. BankNifty would have the daily range of 46100-47000 levels.

Stock Ideas with Trend Reversal

Positive : - ADANIPORTS, AMBUJACEM, APOLLOTYRE, ASHOKLEY, BANDHANBNK, BIOCON, CASTROLIND, GNFC, GREAVESCOT, GSFC, HINDUNILVR, INDIACEM, INFY, IPCALAB, JINDALSTEL, L&TFH, LARSENTOUBRO, METROPOLIS, NATIONALUM, RAIN, SYNGENE, TATACONSUM, TATAMOTORS, WOCKPHARMA

Crossover above 200 daily

MA UNO MINDA, DATA PATTERN, SUPREME INDS, RANE HOLDING, MARATHON REALTY, POLYCAB, GULF OIL, APEX FROZEN, RBA, BALALJI AMINES, DATAMATICS GLOBAL, STERLING TOOLS

Crossover below 200 daily

MA BAJAJ CONSUMER, TCNS CLOTHING

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