Stock Market Insights

Insights for Stock Trading (24 February 2015)

CNX NIFTY extended its weakness for second day, Although it was trading with marginal gains till mid session, witnessed sharp selling due to long unwinding ahead of expiry. Direction remains clueless for today session, Intraday Stock can be opted based on sector performance.

Down by 0.9% on February 23, 2015
Share Market Today

List of Evidences from 23 Feb 2015

Kotakbank bullish as long as it trades above 1275 levels.
DRREDDY is placed nearer to its resistance of 3300 levels, expected to be bullish if managed to break above the aforesaid level.
SSLT, Direction remains clueless, however the 225 Level need to monitored closely
SUNPHARMA losing its ground, expected to take support at 900, Bull can ride with 880 Stoploss
NTPC faced selling pressure around 147 levels, currently placed nearer to resistance zone, any break above 147 would provide more opportunity for bulls.
ASIANPAINTS extend its weakness, any trade below yesterdays low would make the scenario bearish. Expected to test 780 levels