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Wednesday, August 26, 2015

Today we will expect dicey move in Nifty and Stock future. Trade safely with levels only











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Our sell call in Jindal Steel... Crashed and made a low of 60.75. We recommended selling around 69---70 mark 
Look at Ceat Tyres... Our sell call proven great and made a low of 932 mark. Our downside target was 963---938

Nifty future.. Told to sell below 7770 for the downside target of 7713---7667. It made a low of 7665 and bounced back again

Too we recommended buying in Nifty future around 7770 via SMS and booked full profit around 7915 mark


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U.S. stocks ended down on Tuesday after sharply reversing early gains late in the session as investors were unconvinced China's move to cut to interest rates and banks' reserve requirements could ease global growth concerns. After Monday's Wall Street selloff - its steepest in four years - some investors bought on the dip. But others did not want to hold stocks overnight for fear of bad news from China

India stocks were higher after the close on Tuesday, as gains in the Real Estate, Metals and Oil & Gas sectors led shares higher. At the close Nifty added 0.92%, The best performers of the session on the were Yes Bank Ltd. which rose 8.10% or 51.00 points to trade at 680.70 at the close. Meanwhile, Tata Motors Ltd added 6.68% or 20.60 points to end at 328.85 and Vedanta Ltd  was up 6.54% or 5.30 points to 86.40 in late trade. The worst performers of the session were Tata Power, which fell 6.02% or 3.75 points to trade at 58.50 at the close. Ambuja Cements Ltd. declined 2.14% or 4.55 points to end at 207.60 and Power Grid was down 1.91% or 2.50 points to 128.60. The India VIX, which measures the implied volatility of S&P CNX Nifty options, was down 4.56% to 26.8475.



Now what to expect today.... 



Nifty future... Above 7941, once again we will expect rally in Nifty future till 7983 and then to 8013---8028 mark. More power will expect only close above 8028 level else it could test its support level of 7860.  



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Below 7860… once again we will expect Nifty future to turn in to red and likely to test 7823---7769 and then to 7713 mark. More and more weakness will see only close below 7660 level.


 

What to do in Bank nifty today...




Bank Nifty future…. Above 18300, once again we will expect rally in Bank Nifty future till 18420 and then to 18568 ---18628 mark. More power will expect only close above 18628 level else it could test its support level of 17076 again.
  

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Below 17076… once again we will expect Nifty future to turn in to red and likely to test 16928---16876 and then to 16720 mark. More and more weakness will see only close below 16650 level.




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