The market does not care how you feel. It will not prop up your ego or console you when you are down.
Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed.
Bank Nifty has been trading in a channel after the breakout above 9363 levels,Channel low comes at 9666 Break of the same will lead the follow through selling in BN
Today market will open Gap Down around 9603.
Sell below 9600 Tgt 9547,9500 and 9420
Falling below 831-828 will invite more selling in the Stock.
Sell below 820 Tgt 808,790 and 778
TCS has been unable to beat the market estimates in term of results expectation hence will welcome selling. Stocks should open gap down near 1080-90 levels after that we will see the follow through selling.
Before the results Stock has seen a Rally of rs 200 in anticipation of good results and when not meet we will see a correction.
Sell below 1078 Tgt 1062,1050 and 1034.
Volumes were good on yesterday when stock corrected from trendline resistance
HDFC also came out with its results which looks quiet good but overall sentiments is down we will see a fall.If recovery comes in later half we can buy HDFC bank
Sell below 664 Tgt 658 and652
Buy above 678 TGt 685 and 692