Expiry day - Will there be fireworks ??
The inability of nifty to trade above 5258 is a mattern of concern for bulls.
We at JT (JerryTechnicals) expect this expiry to be a flat one.
Tomorrow the market could trade in a very narrow range from 5215 to 5255.
Only if nifty trades below 5210 with volumes, bears can get the upper hande.
Similarly, 5258 will remain the level to cross on the upside for bulls.
LT - Could fall to bear play
L&T is trading at a high resistance zone. Drying volumes indicates it might come under the scanner of bears.
1624 will be the key level to watch for bears. Reversal from 1624 will take LT straight to 1601.
Break and trade below 1595 means LT could crash to 1584 and 1577.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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