YES Bank hits five-month low; stock tanks 44% in a month
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Check out the key trading strategies as markets head towards Exit Polls

A straight fall of nine days, among which four sessions witnessed selling pressure over one per cent has dented the positive sentiment to a greater extend

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Trading Strategies  |  Stock Calls  |  Opinion Polls

Avdhut Bagkar  |  Mumbai 



Trading Strategy
Trading Strategy

With the last phase of voting now left before the react to Exit Polls on May 20 morning, have gyrated between sharp fall and an equally impressive recovery over the past few days.

On Tuesday, benchmark indices snapped their nine-day losing streak, helped by gains in Reliance, ITC and State Bank of India to end a volatile session with gains. The S&P ended the day 228 points, or 0.61 per cent, higher at 37,319, with Sun Pharma, Bharti Airtel, Vedanta, IndusInd Bank, and State Bank of India among the top gainers.

Here are and key levels for frontline indices that you must keep a tab on:

S&P BSE Sensex: A breakdown below the strong horizontal support of 38,555 has led to a correction below 37,000. The gap-up close range of 37,106 – 37,230 has been filled, suggesting the first sign of weakness. Now, the gap down range of 38,920 – 38,835 has become a strong resistance for the current trend. The level of 36,694, its 200 DMA, becomes the immediate support as the index is currently hovering around 100-DMA placed at 37,084.

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First Published: Wed, May 15 2019. 11:01 IST

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