Booked profit in GSFC at 68.30 - 68.50, initiated at 66-66.25,
Nifty trading near a crucial resistance area with some bearish signals on intraday charts, however the same has not been confirmed yet, so wait and watch approach would work best.... 5970-6000 would be key resistances where as 5930-5900 would be key support areas on the lower side. The range as discussed yesterday will be from 5800-6000 odd levels.
Trying to capture stock specific movements would be advisable, currently one can be bullish on GDL, Coal India and Apollo Tyres.
Will update the market status after a fresh price action....
Cheers
Hrishi
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