TECHNICAL VIEWS STOCK MARKET

TECHNICAL VIEWS STOCK MARKET : strong resistance is expected around 6,230

S & P CNX Nifty CMP 6164.35

As expected , even when Nifty broke 6230, but failed to close above it clearly indicates that the bears are stronger than bulls in the current stage. Best trading strategy remains the same ” Sale Up” with strict stoploss of 6230 as closing basis , while expected to support letters around 6050 .
Intraday trading Levels Buy Above: 6190 Resistance 6206 | 6232 | 6274 Sell Below: 6139 Support 6123 | 6097 | 6055

TCS CMP 2008.70

Sell on rise would be the best business strategy for trade and support in the letters which is expected around 1918 .
Intraday trading Levels Buy Above: Resistance 2028 2039 | 2058 | 2089 Sell Below: 1990 Support 1978 | 1959 | 1928

CMP OFSS 3197

Range bound in graphics (3275 – 3130) closing above / below would add trigger in direction.
Intraday trading Levels Buy Above: 3220 Resistance 3234 | 3258 | 3295 Sell Below: 3174 Support 3159 | 3136 | 3099

HCLTECH CMP 1054.65

About long-term trend is down in the charts, the best trading strategy would be to sell on the rise, is expected to support letters around 1000 .
Intraday trading Levels Buy Above: 1069 Resistance 1078 | 1092 | 1116 Sell Below: 1040 Support 1031 | 1017 | 994

INFY CMP 3308.75

Range bound in graphics (3380 – 3260) closing above / below would add trigger in direction.
Intraday trading Levels Buy Above: 3329 Resistance 3341 | 3361 | 3394 Sell Below: 3289 Support 3276 | 3256 | 3224

WIPRO CMP 470.85

About long-term trend is down in the charts, the best trading strategy would be to sell on the rise , while the next support in the graphics is expected around 445.
Intraday trading Levels Buy Above: 477 Resistance 480 | 486 | 496 Sell Below: 465 Support 461 | 455 | 446

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