Nifty Opened gap up of 100 Points yesterday Selling Pressure coming on Higher Levels and Unable to close above 5206 levels. Today we should open near 5120 levels. Volatility is at its peak and Buying in Option is not advisable. Sell Options to eat premium.
Test of this upmove will come near 5229 levels if it can close above it and fill the gap.
Stochastic is on verge of giving a Buy
Buy above 5123 Tgt 5151,5160,5198 and 5229
Sell below 5086 TGt 5054,5020 and 4980
Bank Nifty broke the levels of 10017 on Tuesday but quickly recovered over it after the Huge gap down we saw.
Bank Nifty is showing good strength on upside and its leading the Nifty.
Stochastic has generated a Buy in BN with its closing above 10463.
Buy above 10516 Tgt 10580 and 10644
Sell below 10393 Tgt 10335,10276
Jet Airways have been trading in the range of 390-490 from past 5 months. Trading this range has been quiet good if you are buying around 390 and exiting around 490 as shown in above daily chart.
Stochastic is oversold and Volumes are on lower end near the lower end. Accumulation going on
Buy around 412 Tgt 419,425 and 430
Sell below 406 Tgt 398 and 392
From Short term Perspective Initiate Longs near 392 Levels
Levels Mentioned are Spot Levels only.