Market opened with a positive zone and then due to political uncertainity,it started to tumble and selling pressure remained very heavy and after that fresh short is seems in the market. 200 DMA again well saved by the bulls and it almost turned up again from this level,and short recovery helped again nifty to close above 4153 which is very crucial point for the week,todays opening and first one hours low will be very crucial.in the upper side 4185-4265 two range are major hurdle and profit booking will be there around these levels.
WE MAY SEE SOME MOMENTUM IN THE MARKET BUT VOLATILTIY IS A FACTOR TO BE CONSIDERED.
Stocks for Trading
TATA MOTORS : Intraday Buy around 619 Stoploss 612 for Intra day Touch 628-630.