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Wednesday, February 24, 2016

Update on Nifty levels and Equity Pick of the day 24 Feb 2016





Yesterday, Nifty future unable to sustain and slipped again due to on going political and well as global tensions. We exited at 7210 and clearly indicated to sell Nifty future below 7155 mark.  


Our sell call in TCS proven great from 2308---2280. Booked full profit


In negative market too... Asian paints hit our upper target very well.


Not this only.... We will hold our sell call in LT and Ashok leyland. Yesterday recommended selling below 1140 and around 91.50 respectively.


Our day before BTST not moved as per our expectation. But surely we will recover our subscriber loss soon.


No one give accurate or sure shot calls on daily basis. You have to trade with levels. Then only you will mint money in toneeeees. 


We don't believe in operator calls or sure shot calls. If this happen then we don't have need to sell our research reports. We have high qualified research as well as support team.



Now what to expect today?






Nifty Future below 7091... we will see further downside panic in Nifty future till 7053---7028 mark. More and more panic will see only weekly close below 6850 mark elseit could test its resistance level of 7155---7180 again.




We will expect high volatility in the market as all eye on Budget along with it near month expiry too create high volatility in the range of 6850---7280.


We will expect clear direction move in Nifty from 2nd of March onwards.


Till then traders can trade safely with levels only. More will update during market hours.




Today's Top Pick


Too many stock looks weak on charts and we will expect more downside panic in days to come.





Hold short in our sell call of L&T (LT). We recommended selling below 1140 with stop loss of 1170 for the downside target of 1110---1070.




Our 2nd pick





Hindalco... sell below 67.80. We will see sharp downside move till 65---64 mark.

Hurdle and stop loss above 70.00








More will be update soon during market hours only on our Android App!!