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As mention yesterday

As mention yesterday we saw both way swings and nifty futures almost hit 7750 after crossing 7612 in spot...but it gave all its gains once 7612 was broken due to geopolitical crisis...Nifty closed at 7568...and trend remains negative in the shorter term...Bank nifty is the weakest of the lot and it did not even attempt to touch 15600...Mid Caps and small caps however were speculative will be unwounded due to margin calls we have to keep an eagles eyes @ 7500 spot nifty and 15000 spot bank nifty...tomorrow we have Infosys results...and we suggest a buy call with a stop of 3150...we expect it to touch at 3675....and in coming days if we don’t see any strength in breadth of the markets we can see nifty sliding down to 7230 levels...


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