Nifty future made a high of 7484 but unable to sustain and
slipped again. We booked full profit around 7475.
Our buy call in Jubliant food proven great. We recommended
buying around 1190---1180. It flared like anything and hit 1275 mark. We booked
full profit around 1250
Hope you all enjoyed rally in Auropharma too. Minted money
or not???
Still need trial... need not to worry at all. Watch more
Nifty has support at 7402 and resistance at 7488. Looks
positive and could test its resistance level of 7488. Once break and sustain
above 7488 will see sharp upside rally till 7513---7528 mark. More and more
power will see only weekly close above 7540 mark.
Else it could test its support level of 7402 mark again.
Break and sustain + close below 7402 will see sharp downside
move till 7382---7355 and then to 7288 mark.
7222 act as major support in Nifty while 7488---7528 act as
hurdle. We will expect range bound trading in Nifty and Bank Nifty while stock
specific may perform very well today. So concentrate on quality stocks.
Today's top pick
Axis Bank Future Support at 415 and resistance at 423. Below
415... sell it. We will see sharp panic till 408---403 and then to 390 mark.
Hurdle and stop loss above 423 mark.
More will be update soon during market hours only on our
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