Yesterday... We have seen gap down opening in Nifty futures
and made a fresh 52 week's low but unable to sustain and bounced back again.
Finally settled in a negative zone.
Yesterday... We clearly indicated to buy Nifty future around
7520 with stop loss of 7480. It bounced back sharply and made a high of 7610
mark. We booked part profit around 7600
Also we recommended buying in Jubliant food around
1325---1320 with stop loss of 1296. Too skyrocketed and made a high of 1375
mark.
BHEL... made a fresh low of 147.80. Now revise stop loss of
151.
Hope you all enjoyed rally in Reliance industries. In
2016... Market is almost down by 5% but this stock perform 3.5%. Reliance
industries will be a best performer in 2016.
Still need trial... need not to worry at all. Watch more
Now what to expect???
Nifty Future has support at 7480 and resistance at 7630---7680.
Fresh selling can initiate only weekly close below 7480 mark else it could test
its resistance level of 7630---7680. More and more power only above 7680 level
only.
Today... we will expect range bound trading in Nifty. So
traders can trade with levels only and wait for confirmation.
Today's top pick
Today’s top pick we will update during market hours on our Android App.
