Niffty opened at short level in singapore (SGX Nifty) and fell all the way down. Thatz pretty much what was good with levels posted yesterday. Airtel triggered long level gave 16 rs profit and then took out stop loss.
For Friday trading
Bear Level
Short nifty future at retracement level of 3437 with Stoploss of 3460 for targets 3365, 3315, 3270.
Bull Level
Buy nifty future at 3261 with stoploss of 3240 for targets 3293, 3325, 3360
Heavy shorting
If market opens in a positive note , short bhel at 1641 with stoploss of 1665 for targets 1597, 1571.
It appears as though bhel has run into some temporary resistance from the following chart
Have a great trading day $$$
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