Today market crack down over 365 point on Bse and 108 point down on nifty close at 5257 ,selling all over the board also news in reliance industries ltd. change taste of market and it lead the bearish trend in market once nifty trade around 5200 point
we just feel how market down almost all large cap stocks down 5% each showing bloodbath in market ,now where market can go now will market taste or break 5000 mark or it will reverse from here ,as per negative news all around world , USA market down inflation,growth all factor bring market in bear trend ,
in my opinion market in downtrend but one can buy selectively around 5100 and 5000 partially in stock in banking sector (sbi,icicibank and idbi) , fmcg (itc and hind unilever)and bharti airtel
market as per option data seems get support around 5120 and bank nifty around 10150 one can buy at these level with stop loss of 5085 and 10030 for expiry .
in my opinion market in downtrend but one can buy selectively around 5100 and 5000 partially in stock in banking sector (sbi,icicibank and idbi) , fmcg (itc and hind unilever)and bharti airtel
market as per option data seems get support around 5120 and bank nifty around 10150 one can buy at these level with stop loss of 5085 and 10030 for expiry .
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