If you have perfect levels then only you can
earn money from this market. On Friday, Nifty future unable to breach its
resistance level of 7880 and slipped again and made a low of 7760.
Not only in this, look at Bank Nifty too. Too
not able to breach its resistance level of 16850 and slipped again to 16510
mark
Our buy call in Sri Ram Transport finance has
proven great and made a high of 903. We recommended buying around 860 mark.
Still holding long
Our buy call in CEAT proven great and made a
high of 1243. We recommended buying around 1170---1160.
Our buy call in Apollo Tyre, ACC, 8kmiles too
are moving towards north direction
Hold all recommended stock....
Still need trial… Need not to worry. Watch
More
India stocks were mixed after the close on Friday, as gains
in the Real Estate, IT and Fast Moving
Consumer Goods sectors led shares higher while losses in the Metals, Capital Goods
and Oil & Gas sectors led shares lower. At
the close in NSE, the Nifty gained 0.02%,
while the Sensex declined 0.05%. The best
performers of the session on the S&P CNX Nifty
were Bank Of Baroda, which rose 1.31% or 2.35 points to trade at 181.30 at the
close. Meanwhile, BPCL added 1.29% or 10.85
points to end at 850.55 and Wipro was up 1.27% or 7.00 points to 559.10 in late trade. The
worst performers of the session were Cairn India, which fell 3.86% or 5.85 points to trade at 145.65
at the close. TATA STEEL declined 3.02% or 7.25 points to end at 232.95 and BHEL
was down 2.93% or 6.35 points to 210.70. Rising stocks outnumbered declining
ones on the India National Stock Exchange by 843 to 575 and 13 ended unchanged;
on the Bombay Stock Exchange, 423 rose and 327 declined, while 1 ended
unchanged. The India VIX, which measures the
implied volatility of S&P CNX Nifty options, was up 0.93% to 24.9750.
Now what to expect today....
We will expect Nifty and Bank Nifty to trade
in a range for next two trading sessions as all eyed on FOMC meet which is schedules
on 17th September 2015.
Well today… Below 7758 will see panic till 7732---7713
and then to 7655. Further panic seen only weekly close below 7655 mark else it
could test its resistance level of 7840---7880 and then to 7930. Three
consecutive closes + weekly close above 7930 will see fire in Nifty future
Above 7930…… Target intact???
What to do in Bank nifty today...
Well today… Below 16500 will see panic till 16356---16286 and then to 16180.
Further panic seen only weekly close below 16180 mark else it could test its
resistance level of 16713---16798 and then to 16850. Three consecutive closes +
weekly close above 16850 will see fire in it.
Above 16850…. Target intact??? More will
update to our subscriber
Today's Pick
Tata Steel… Looks weak and could test
225.Decisive close below 225 will see further panic till 216---213 and then to
206 mark in days to come
Fresh buying can initiate only close above 248
mark
Traders can sell Tata steel on rise around 238—240
with stop loss of 248 for the initial target of 225
Our 2nd Pick
Sail… Traded mix last week. Today it has
support at 50.00 and resistance at 53.50.
Below 51.50 will panic till 48---46.50 mark
On rise sell it!! Stop loss 53.50
Investment Pick only for our subscribers.... More
levels and updates during market hours
