Nifty For 29 - July
The Nifty futures opened in the positive territory on Wednesday and traded flat for half the trading day.
Nifty witnessed a profit booking on higher levels & in the end closed in the red zone. In the lower side it is having the crucial short term support around the level of 5350. Closing below this support may slip it till the lower levels of 5290 to 5300 in near run. Technically nifty future is still looking bullish and after some consolidation phase in the market we might expect one more upward rally in it. For intra day trading we recommend that traders may go for buy on dips in it until it close below 5350 for the targets of 5450,5500 in near term. The futures may have lower supports at 5300 and 5225 levels.
Delivery call - BAJAJHLDNG BUY ABV - 723 and SL 673 TARGET 756,771.
Day Trading - UBENGG BUY NEAR 204-202 SL 199.80 TARGET 209.1-212.45.
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