Hope you all read our blog carefully...
Yesterday... we have seen vertical crash in Nifty and Bank Nifty. Nifty and Bank Nifty unable to breach its resistance level of 8532 and 18845 respectively and crashed vertically.
Have a look on it!!
Our buy call in Sunpharma...
Sky rocketed and made a high of 962. We recommended buying above 920 mark. We booked full profit at 950
We recommended buying in Nifty with stop loss of 8460. We admit that stop loss of 8460 triggered but after that we have seen vertical crash in it.
Below 8460... Clearly indicated that Nifty can touch 8443---8418 and then to 8360 mark. It made a low of 8358.40 and last trade at 8388.
Bank Nifty too... Crashed vertically. Below 18600... our target was 18463---18346 and then to 18213. It made a low of 18240.75 and last trade at 18330
Our sell call in Castrol India and Tata motors too proven great... Minted money or not???
IRB... Not able to breach 267 and slipped again. Lets see what will happen today
Still need trial... Need not to worry. Watch more and enjoy
Now what to expect today....
India stocks were lower after the close on Thursday, as losses in the Banking and Reality shares. The best performers of the session were Lupin which rose 5.30%, ITC up by 3.93%. Meanwhile, BPCL added 1.69% and Dr Reddy was up 1.52%. The worst performers of the session were Yes Bank which fell 7.00%, Cairn declined 6.33% and PNB was down 5.36%
Nifty
future... Below
8358 once again we will expect Nifty future to turn in to red and likely to test 8328---8313 and then to 8283 mark. More and more weakness will see only
close below 8283 mark.
While above 8432, once again we will expect rally in Nifty future
till 8458 and then to 8488---8518 mark. More power will expect
only close above 8518.
What to do in Bank nifty today...
Bank Nifty future.... Below 18240 we will see further downside panic in Bank Nifty future till 18153. Decisive break and sustain + close below 18153 will see sharp panic till 17845---17630. More and more panic only below 17630 mark else it could test its resistance level of 18480---18526 and then to 18618 mark again
Well above 18618 once again we will see upside rally in
Bank Nifty future till 18826 and then to 18946---19046.
Today's Pick
Jindal steel...
Yesterday we recommended selling in around 69.00--70.00. It made a low of 67.55 and settled with a loss of 8.75% as of last trade at 67.80
Below 67.50..we will see further sharp panic till 64.00---62.50 mark in days to come
On rise sell it!! Stop loss only to our subscriber
Our 2nd Pick....
Mind Tree... It crashed vertically and made a low of 1356.30 and settled with a loss of 4.10% at 1379.75 at last trade
Still looks weak and on rise will sell. Below 1355... we will see sharp downside panic in Mind tree till 1280-1255 mark in days to come. On rise sell it!!
Stop loss only to our subscriber
