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Thursday, November 19, 2015

Update on Nifty and Equity Picks of the day 19 Nov 2015




Yesterday... Nifty future made unable to breach its resistance level of 7880 and crashed vertically to 7740 mark on going concern of Paris attack.


Our buy call in ACC proven great and almost hit our 1st target very well.


Yesterday we recommended buying in Marico too flared and made a high of 425 mark.


Yesterday... stop loss triggered in buy call of Nifty. Soon we will recover this loss.





Now what to expect???





Nifty has support at 7730---7650 and resistance at 7880. Decisive break and sustain below 7730 will take to 7690---7655.

More and more panic will see only close below 7650 mark else it could test its resistance level of 7790 and then to 8030----8050 again.


We will expect range bound trading in today's trading session. So trade safely with levels only




Today's Top Pick






We are holding long in Marico... Still looks positive and in panic will buy. Target intact 440+





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