Above 2740 No, Problem for Bulls !!!!!
Will, Take Nifty Future to 2770 - 2790 Mark.
Below, 2680 Marks, It'll Be Bear Grip !!!
Then, Will Hit 2667 - 2650 Mark
But, Chances Are Very Remote....
For traders, ICICI Bank could be a good bet intraday as the banking space might rebound after a sell off yesterday. The banking index fell nearly 6 percent yesterday and was among the major losers in the market.Zensar technologies, Jet Airways and Zensar Technologies are the stocks to keep a close eye on, ahead of their Q3 numbers.
We see compelling valuations for the long term players and advice medium term traders against taking new positions. Short term traders might consider trading in metal, IT and Realty stocks.Satyam is one stock that is living dangerously, but we do not see a huge down side from the Rs 20 levels
Sasken Communications is another stocks that is looking vulnerable after one of its biggest customer Nortel filed for bankruptcy and the stock might be hammered yet another time after the Tata's have backed out of the JV with the company