Nifty Playing around the critical resistance area of 9840 since past 20 mins

Nifty Playing around the critical resistance area of 9840 since past 20 mins after a high of 9860.40, Index Gainers are Auto 5.4%, Metal-4.6% & IT-4.4% with Major Gainers as TataMotor 12% BanhanBank 12% and MothersonSumi 10.5%. Top Losers are Berger 2%, Colgate 1.8% & DivisLab 1.56%.

It remains critical for Nifty to hold above 9799 mark for any fresh moves. Being Monthly Expiry, we expect some pressure to be created by Bears to take the Index down as much as possible. Roll-Overs are visible on rallied counters and we advice to avoid Naked Positions in Nifty