Swing Call Analysis for 1st March 2021

COMMENTS:

1. The Nifty-50 Index formed a large bearish candle that resembled a Long Black Day on daily charts. After opening gap down at 14,888.60, the Index signed off the session at 14,529.20,down 568 points or 3.76%.
2. Given a strong Reversal, Next Resistance or first target can be 14,250.
3. India VIX moved up by 22.95% from 22.89 to 28.14, indicationg a tight Grip of the bears.
4. News of the week: US bond Yield is at year’s high, which raised fears and Foreign Portfolio Investors sold shares worth Rs. 8,295 Crore

 

Following stocks are just to keep a track/watch on as Markets are Bearsh.

1. IRCTC.

 

2.CDSL.

 

3. BHEL.

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