Once again we minted money in toneessssss. Hope
you all enjoyed a lot
Above 7730… our target was 7668---7693 and
then to 7830. It flared like anything and hit 7865 mark. Not only this… Bank
Nifty too flared and hit 16788 mark. We recommended buying above 16056 and 16430
mark
Our buy call in Tata steel had proven great
and made a high of 242. We recommended buying above 233
Our buying recommendation in JSWSTEEL has proven
great and made a high of 1003. We recommended buying around 915—910 and target
was 980---1005.
Our buy call in BHEL too proven great and made
a high of 217.25. We recommended buying around 209 and our target was 218---221
Still need trial… Need not to worry. Watch
More
India stocks were higher after the close on Wednesday,
as gains in the Metals, Auto and Real Estate
sectors led shares higher.
At the close in NSE, the S&P
CNX Nifty rose 1.70%, while the BSE Sensex 30
index climbed 1.59%.The best performers of the session on the Nifty were NMDC which rose 9.00% or 8.60 points to trade at 104.20 at the
close. Meanwhile, Hindalco added 8.12% or 5.90 points to end at 78.60 and Vedanta was
up 6.84% or 6.40 points to 99.90 in late trade. The worst performers of the session
were Tech
Mahindra which fell 0.71% or 3.80 points to trade at 533.40 at
the close. Sun Pharma declined 0.66% or 5.55 points to end at 839.05 and GAIL
Ltd was down 0.47% or 1.40 points to 293.85. Rising stocks outnumbered
declining ones on the India National Stock Exchange by 1172 to 255 and 6 ended
unchanged; on the Bombay Stock Exchange, 623 rose and 130 declined, while 1
ended unchanged. The India VIX, which
measures the implied volatility of S&P CNX Nifty options, was down 1.09% to
24.3000.
Now what to expect today....
Well today… Nifty future will face hurdle of
7880---7930. Three consecutive closes + weekly close above 7930 will see fire
in Nifty future else it could test its support level of 7750---7710 and then to
7660 mark again
Further panic will see only close below 7660
level only
Intraday traders can try to get an opportunity
to sell Nifty future to sell on rise around 7880—7900 with stop loss of 7930.
Well we will not expect any major move in
Nifty as all eye on FOMC meet which is scheduled on late 17th September
2015 but volatility expected in next 5-7 trading sessions
What to do in Bank nifty today...
Well today… Bank Nifty future will face hurdle of 16850. Three consecutive closes + weekly close above 16850 will see fire in Bank Nifty future else it could test its support level of 16530---16450 and then to 16180 mark again
Further panic will see only close below 16180
level only
Intraday traders can try to get an opportunity
to sell future on rise around with stop loss of 16850.
Today's Pick
Three consecutive closes + closes 100.50 will
see fire in NMDC till 112---115+ mark in days to come
In panic will buy... Positional stop loss
below 90.00
Our 2nd Pick
JSWSTEEL… Flared like anything and made a high
of 1003. Now 1005 act as hurdle in JSWSTEEL
Two consecutive closes above 1005 will see
further upside rally till 1035---1060+ mark in days to come else it could test
its support level of 955---930 again
Trade with levels only
Investment Pick only for our subscribers.... More
levels and updates during market hours
