Our BTST in Nifty future has proven great and made a high of
7400 mark. We booked profit around 7370. After that Nifty future again turn
negative.
Reliance made a fresh low of 982 mark. Revise stop loss of
1045. Hope you all booked part profit.
Now what to expect???
Global markets settled in green. Positive sign seen from
global markets. Volatility remain in the market but bottom formation likely to
he happen in this week and next week. Recent low in Nifty and Bank Nifty along
with stocks are very crucial.
Nifty future has support at 7255---7222 and resistance at
7418---7482.
Above 7310... we will see rally till 7345----7380. More and
more power will see only weekly close above 7418 mark. Fresh selling can
initiate only close below 7222 level only. We will expect range bound trading
in today's session too.
For short to medium term... Global market may take U-Turn.
Our buy recommendation in USDINR has proven great and hit
68.23 mark. Our hurdle and target was 68.3p. We recommended buying above 67.30
level.
Now 68.30 act as major hurdle. If it not cross its hurdle
and breach the support level of 67.80 then we will see further sharp panic till
67.50---67.20---66.80. Trade with levels only
Today's Top Pick
Cement and Banking stocks could perform in today's trading
session. ACC and Ambuja cement looks good on charts. Recent low is crucial in
both stocks.
Bank Baroda future... Above 126.50 Catch it. We will see rocket
move till 132---135+ mark.
In panic will buy. Stop loss 119.
More level will update only to our subscriber only thru
Mobile App.
