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Monday, October 12, 2015

Update on Nifty, Bank Nifty and Equity pick of the week - 12 Oct 2015





Last week... we minted money in tonnesss. Hope you all enjoyed a lot. Nifty and bank nifty skyrocketed from lower levels.






All time favourite stocks... like Coal india... Cairn india...Hindalco....Tata motors etc moved sharply towards north direction.


Still need trial... need not to worry at all. Watch more!!






Now should be the strategy for today??




Nifty future has support at 8180---8130 and resistance at 8255. Above 8255 will see rally till 8293---8322 and then to 8379 mark. Further upside rally seen only close above 8380 level else it could test itd support level of 8180---8130 again.

Further panic seen only close below 8130 mark.







On the other hand.. Bank nifty has support at 17450----17280 and resistance at 17870. Traders can trade in a range with strict stop loss and wait for confirmation.



Top pick for the week




Tata steel... We have seen mindblowing rally last week. Tata steel formed double bottom pattern on daily chart and breakout point above 241.  Above 241.. need not to worry at all. Target looks 283---305+ mark in days to come.



Any sharp panic will be buying opportunity. More levels and SL only to our subscriber only





More will update during market hours!!