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Tuesday, January 5, 2016

Update on Nifty and Equity Pick of the day 05 Jan 2016






Yesterday... Nifty crashed vertically on global concern. China kick more than 7% in a day and after that shuts for a day. We clearly indicated that fresh selling can initiate only close below 7880 mark. It crashed vertically and made a low of 7792.


Below 7880....our target was 7770---7730. Hope you all enjoyed vertical crash in Bank Nifty too. Told to sell below 16880 mark.


Our top pick... Majesco hit 750. Reliance infra too made a high of 610.


Most of the stocks tumbled yesterday...



Now what to expect???





Nifty Future Our downside target intact 7770---7730. More and more panic will see only close below 7730 mark else it could test its resistance level of 7830---7880 again. More and more power only close above 7880 mark



Today's trading range and pattern is crucial for trading. We clearly indicated that panic of 1-2-3 days is pending. Trade safely with levels only



Today's Top Pick will provide on Application during market hours.




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