NIFTY in last trading session had a happy start of new FY, it remained bullish all day crossing previ-ous high it sustained above 9200 mark and gained around 100 points. Now the index seems to be bullish again with a considerable consolidation. So we advise to buy Nifty from around 9250 for the targets of 9300 and 9350 with strict stop loss below 9190.
Banknifty on Monday was also bullish but it could not gain accordingly. It closed with around half a percent gains and also did not break the previous high, which suggests that the index will need more scope to have a strong bull run and it may face difficulty in breaking this resistance. So we advise you
to sell banknifty from around 21650 for the targets if 21550 and 21450 with small stop loss of 21700.
TECHNICAL VIEW : AJANTA PHARMA FUTURE (SELL)
Ajanta Pharma was volatile in last trading session. So we advise you to sell it
from around 1750 for the targets of 1730 to 1700 with strict stop loss of 1780.