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 or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.)

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