The Nifty erased the gains made in the three preceding sessions. The large bearish candle made on Monday eclipses or ‘engulfs’ the small green ones made in the last three sessions, leading to an overarching bearish effect. We expect Nifty to trade between 7540-7675. Nifty has a support at 7575/7540 spot.
Stock Intraday Tips Today
Tata Chemicals Ltd is moving out of a consolidation zone. We recommend a buy above Rs 368 with the stoploss of Rs 358 for the target of Rs 383.
Tata Elxsi trading in bear mode today. We recommend a sellin Tata Elxsi (Mar) future below Rs 1890 with the stoploss of Rs 1920 for the target of Rs 1845.