As expected.... we have seen negative bias trading in Nifty
and Bank Nifty from whole week. We clearly indicated that market looks weak on
charts and on rise will sell.
Below 8222.... Our target was 8183---8155 and then to 8093.
It slipped and achieved our target very well.
In this week... our sell call in Lupin.. CEAT... Adani port
and Oriental while buy call in Goderej... Tata motors proven great.
Stop loss tuned in Jindal Steel... REC and ALBK. Surely we
will recover soon.
We are providing recommendation purely on technical and
fundamental analysis along with news based story. We are not providing operator
calls as we don't believe in it.
Always maintain stop loss as stop loss is God for this
market.
Now what we will expect today??
Nifty
Nifty future has support at 8090. Weekly close below 8090
will see free fall in Nifty else it could test its resistance level of
8155---8183 and then to 8220 mark again. More and more power will see only
weekly close above 8220 mark.
Now for next few days we will expect range bound trading in
Nifty and Bank Nifty also we have to check the trend of market from here onward. So traders can trade safely with levels only. Fresh entry will
initiate from Monday onward.
Intraday and investment calls will provide during market
hours on our Android App. (If Any)
Till then enjoy weekend....!!
