Tuesday market is expected to open on flat note, we can see Nifty spot to trade around 5210-5215 in opening trade , if Nifty spot able to sustain above 5215 before and after RBI policy then we may see some comfort buying in market, Nifty spot is having resistance at 5215-5235-5265 , whereas Nifty spot is having supports at 5200-5185-5160 below 5160 we may see more selling pressure in market and it could slide till 5140-5120 during the day.
We may see volatility in market due to RBI monetary policy today , so one should wait and watch till RBI policy outcome.
Stocks for long side in intraday – Biocon, Jpassociates, MSK (if Nifty spot hold 5200-5215 level)
Stocks for short side in intraday – Canrabank, maruti , Aban offshore ( if Nifty spot breaks below 5200)Bookmark
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