Nifty futures tips for Today : Nifty 50 has a strong support near to 8K mark. This important support level (50 per-cent Fibonacci retracement of the newely upside move) provided a decent support to the market.
As a result, the index recovered and eventually formed a 'Dragonfly Doji' pattern on the daily chart. Going ahead, a minor jump backwards 8,120-8,180 levels cannot be ruled out," reports said. Today, the S&P500 index strike the 2,100 mark for the first time since August month. Asian markets rallied on Tuesday morning.
The native market played a catchup. "On the other side, a sustainable move below 7,950 may trigger pessimism in the market. Technical experts said a reunite may be on the cards, but the strength will not be enough to reverse the trend. In the short term, the market will move & depend on the outcome of Bihar elections and the forthcoming winter session of Parliament.
Hot stocks that will be in focus :-
1. Brigade Enterprises
2. Piramal Enterprises
3. Blue Star
4. HPCL & GAIL
5. Eros International
6. Adani Enterprises
7. Adani Ports & Special Economic Zone
Nifty Futures : SELL Bank Nifty Below 17485 TGTS 17445/17385/17485 SL 17535
Nifty Futures : Bank Nifty HIT 1ST TGT 17445 Low OF 17418 Book Part Profit
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