Probable trade setups for 5th June

Bank nifty has seen a steep fall yesterday, led by HDFC bank.Such a steep fall won’t stop in 1 day,so the concentration is on HDFC bank and other banks, which can form short setups.

HDFC BANK

Next support zone for HDFC bank lies at 1950 levels, which can be reached in a day or a week.Other short trade candidates for today are

1.ptc

2.Bata India

3.DLF

4.Bank of Baroda

5.BHEL

6.Yes Bank

7.Eros Media

Long trade candidates

1.Manappuram finance

2.Berger Paints

 

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