“Global cues, banks lift Sensex 438 pts; Nifty ends above 7700 ahead of F&O expiry”
Markets opened on a positive note and gained 138.20 points before closing at 7735 with 1.82% increase to the index at the second last day of march expiry.
Nifty future took the support level of 7600 and bounced back sharply again. These are power of levels... Nothing else!!
Sensex also showed a positive bull run and gained 438 points to the index and settled at 25338 with 1.76% increase to index.
Bank Nifty also capitalized on the market bullish sentiments and gained 468 points before settling at 16134 level.
Our buying recommendation. ..
We Recommended to buy Asian paints (FUT)/Cash around 858-855 with SL of 840.Our call proven great and made a high of 885. Hope you booked profit.
We also recommended buying in DLF around 110.50---110.00. It flared like anything and made a high of 116.40. In this too we booked part profit and still holding long in it.
In addition to it... We recommended buying in Bank Nifty around 15940-15920 with SL of 15600. Too proven great and crossed 16150 mark sucessfully. We booked part profit around 15940-16145.
Our positional Call on Capital first (cash) given on 17/03/2016 to Buy around 402-400. Stock made high of 446.75 and settled at 440 .
Our subscribers minted money in toneeees... Have you???
Still need trial... need not to worry at all. Watch more!!
Now what to do today???
Nifty futures has support at 7660---7600 and resistance at 7740. Three consecutive closes + weekly close above 7740 will take to 7855---7920 and then to 8030+ mark in days to come.
Fresh selling can initiate only weekly close below 7600 mark.
In addition to it... Bank Nifty has crucial support at 15700 and resistance at 16450---16700. Weekly close above 16050 will see rally remain continue till 16300---16450 and then to 16700+ mark in days to come
Revise stop loss below 15700 on closing basis.
Trade with levels only... More levels will update during market hours
Today's top pick
(Positional) IDEA... Forming double bottom pattern on daily chart. Hurdle at 113 and support at 110. Looks positive and could test its resistance level of 113. Three consecutive closes + weekly close above 113 will see upside rally till 130---136 and then to 145+ mark in days to come
So plan your strategy accordingly. Support intact at 110.
More will be update soon during market hours only on our Android App!!
