We have seen range bound trading in Nifty and Bank Nifty from last two trading sessions but still we enjoyed session
Have a look on it!!
Our buy call in Auropharma...
Sky rocketed and made a high of 824.25. We recommended fresh buying above 800 mark
Our buy Call in ACC too proven great. We recommended buying above 1420. It made a high of 1454.95
CEAT Tyres... Made a fresh high of 1134.90
Still need trial... Need not to worry. Watch more and enjoy
Now what to expect today....
India stocks were higher after the close on Wednesday, as gains in the Health care and consumer durable sectors led shares higher. The best performers of the session on the were ACC which rose 4.29%, Sunpharma up by 4.27%. Meanwhile, Lupin added 2.53% and Wipro was up 2.38%. The worst performers of the session were Hindalco which fell 3.09%, SBIN declined 2.39% and Coal India was down 2.33%
Falling stocks outnumbered advancing ones on the India National Stock
Exchange by 732 to 698 and 4 ended unchanged; on the Bombay Stock
Exchange, 396 fell and 353 advanced, while 5 ended unchanged. Shares in Hindalco fell to 52-week lows. The IndiaVIX which measures the implied volatility of S&P CNX Nifty options, was up 1.96% to 16.6800.
Nifty
future... Now trading in a range and has support at 8418 and resistance
at 8532. Either side break or close with volume will see one side
movement. Above 8532, once again we will expect rally in Nifty future
till 8561 and then to 8598---8604 mark. More power will expect
only close above 8631. Three consecutive closes + weekly close above
8631 will see fire in Nifty future
Below
8460 again we will expect Nifty future to test its support level till
8443---8418 and then to 8360 mark. More and more weakness will see only
close below 8360 mark.
What to do in Bank nifty today...
Bank Nifty future.... Below 18600 we will see further downside panic in Bank Nifty future till 18463---18346 and then to 18213 mark. More and More panic will see only close below 18213 mark
Bank Nifty future...Well above 18845 once again we will see upside rally in Bank Nifty future till 18926 and then to 19046---19173. More and more power will expect above 19173. Two consecutive close above 19173 will see fire in Bank Nifty future till 19476---19653 else it could test its support level of 18698---18616
Today's Pick
Sun Pharma future...
Yesterday we recommended buying in Sun Pharma above 920. It made a high of 930.75 and gained 4.01% as of last trade at 927.80
Sun pharma gave a fresh break out above 920 level and above that mark rally remain continue till 945---960+ mark in days to come
In panic will buy... Stop loss only 890
Our 2nd Pick....
IRB future... It bounced back sharply at the closing trade and hit 261.85. It gained 3.22% at the close trade at 259.30
On seeing daily chart... it looks good and could test 267. Three consecutive closes + weekly close above 267 will see fire in IRB Infra.
Positional traders can buy and accumulate IRB in panic. Our positional target intact 350+
Stop loss only to our subscriber
