Pre Market Report 9 August 2021
Supports and Resistances for short term Nifty levels S-16160-80 R-16260-80 Banknifty levels S-35470-500 R-35880-35920 -TATASTEEL as expected trading in between range on 1400-1480 any Brackout after this levels may cause a rally. -IOC as expected respected the support and bounced to 106. It is again a buy in dips as long as support is held. -Bharti has been rocking since mentioned around 519 on twitter and TG. Now hovering around a small resistance of 615-18 -Godrejprop beautifully respected the resistance and now is down. 1700 will remain the resistance zone. -Bajajauto continues to respect the support zone of 3740-50,expecting 3900+in days to come if support manages well. -Coromondel is where we have gone wrong and its support is broken,for any longs wait for it to reclaim 870+ -Kotak support of 1630 given few days back worked beautifully and now around 1780. Its near short term resistance, cautious approach is better. -Havells near resistance zone 1250-55 (The investments discussed o...