 "The broader structure still looks weak and If Nifty unable to surpass the psychological hurdle which is placed at 10000 levels, we can expect some profit booking")
SELL NIFTY | TARGET: 9,600 | STOP LOSS: 10,000
The Nifty index continued its upmove and also filled a gap that was placed at 9,700. Now, since we have already seen a rally in the past couple of sessions, one should refrain from creating any aggressive long position at higher levels. The broader structure still looks weak and if Nifty is unable to surpass the psychological hurdle of 10,000 levels, we can expect some profit booking. So, we advise aggressive traders to initiate a short position with a strict stop loss of 10,000.
BUY BHARTI AIRTEL | TARGET: Rs 600
