Yesterday we have seen range bound trading in Nifty and Bank Nifty though traded with positive bias. Market turns negative on news of Bomb Blast in Brussel but recovered as trend is positive. Bank Nifty also maintained its momentum after some hiccups and hit 16000 mark. DIIs remained in support of the market, probably the reason for today’s strength.
Our BTST call of Jet Airways proved great, we asked to buy above 548 yesterday and booked profit at 555. After that it crashed vertically.
Not only this we booked handsome profit in Cummins which we were holding as a positional call. We asked to buy at 855—850 and booked full profit at 890.
Hope you all minted money in LT or not??? From 1210---1248.50.
Not only this... we minted money in BHEL... Bharti Airtel.. Voltas... Capital first and still holding some Qualtiy stocks
How good is that? You decide !!!
Now what to expect today???
Nifty future has support at 7660---7600 and resistance at 7740. You all know that we are holding long in Nifty future from 7100 and above 7440 mark.
Weekly close above 7740 will see further upside rally till 7785---7830 and then to 7900+ mark in days to come. We already booked part profit. Now revise stop loss below 7600 on closing basis.
On the other hand... Bank Nifty has a support at 15700 and hurdle at 16050.Once break and close above 16050 with volume will see more upside rally in it till 16300---16450+ mark. Ultimate target looks for Bank Nifty at 16700.
Trade with levels only... More levels will update during market hours
Today's top pick
Reliance Industries.... Turns positive on charts. Above 1040 we will see rally till 1085---1110+ mark in days to come.
In panic will buy... Stop loss below 1010 on closing basis.
(Above mentioned rates are as per Future price scrips)
