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Monday, January 18, 2016

Update on Nifty levels for the day 18 Jan 2016






On friday's session Nifty future... not able to breach its resistance level of 7568 and crashed again in the last hour of trading week. We recommended selling below 7522 mark. From the start of the year we have seen negative bias trading in Nifty while stocks crashed drastically.


Our sell call in Wockhardt Pharma proven great and crashed more than 16% in a day. We recommended selling below 1510 mark


Hope you look at Reliance infra and other recommended stocks too slipped. Just trade with levels only.


Still need trial.... need not to worry at all. Watch more



Now what to expect today???





Nifty Future below 7422... we will see further downside to panic till 7384--7363 and then to 7336 mark. 7310 act as last hope for bull riders.


Three consecutive closes + weekly close below 7310 will see nonstop panic till 6850---6500 mark in days to come.


7568---7638 act as major hurdle for generating fresh buy call. Any sharp rise will be selling opportunity with SL 7638. Bull riders wait for reversal in market. Any reversal seems will update





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