As expected... we have seen range bound trading in Nifty
though traded with positive bias. It made a high of 8005 but unable to sustain
and slipped again. Zigzag move continues in Nifty and Bank Nifty. Stock
specific moved up sharply and this trend remain continue for this week.
Yesterday... Our buy call in JSWSTEEL proven great and made
a high of 954 mark. We recommended buying around 910.
Not this only... Buy call in India Cement, Mind tree, Hind Uniliver proven great. Hope you all minted money.
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Now what next for today?
Nifty future...Close above 8023... will see upside rally
till 8048---8066 and then to 8088 mark. More and more power will see only close
above 8100 mark else it could test its support level of 7910 again.
Further panic seen only close below 7910 mark. Close below
7910 will take to 7883---7769 and then to 7748 mark. Major support at 7690.
Traders can trade with levels only... Any reversal seems
will update.
Today's Top Pick
DRREDDY... Took U-turn from lower levels and now trading
around 3200..
It indicates reversal in it and could test 3400----3550+
mark in days to come.
Any sharp panic will be buying opportunity in it. Recent low
(3050) is crucial support and stop loss for DRREDDY.
Our 2nd Pick
Still we love JSWSTEEL... Any sharp panic will be buying
opportunity in it. Entry and exit level will provide to our subscriber during
market hours.
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