- As per derivative data support inched up to 4900 level and resistance still at 5200 level
- For today we have a good support at 4950 level.Upside resistance placed at 5020,5056 and 5072.Closing above 5072 mark makes things more better.Need a firm weekly close above 5072.I am expecting a cap for the day at 5072 level to witness some consolidation here.
- As earnings season kicked in some hopes prevailed
- Stocks to watch on long side - Ambuja cements,Bajaj auto,Hero motocorp,Hindalco,Kotak mahindra bank
- Siemens is a worry
- Bank nifty near tough resistance 9400
Best to your trading
Disclaimer:No positions in above mentioned stocks
