Nifty Nifty only Nifty
Flared like anything. Our buy call proven great and gained almost 200 points in Nifty and 1000 points in Bank Nifty. Clearly indicated to buy in panic.
Our Buy calls in SKS Microfinance from 498---524
Suven Life Science from 154---208, ACC from 1200---1245, STAR from 945---1030 and many more.
Still need trial... need not to worry at all. Watch more
Now what to expect today?
Bank Nifty future skyrocketed and made a high of 15138. Bank nifty still looks strong on charts and can sustain rally.
Bank nifty seems to be capitalizing on the stimulus package infusion by government which may cause the rally to sustain in upcoming session along with it expectation of rate cut decision too weigh on it.
Three consecutive closes + weekly close above 14750 will see non stop rally in Bank Nifty till 16000---16750+ mark in days to come. Any sharp panic will be buying opportunity in it.
On the other hand Nifty future too showed a bullish trend with a surge to 7370. Our upper side target looks hit very well.
Above 7370... we will see further upside rally till 7410---7440. Three consecutive closes + weekly close above 7440 will see fire in Nifty future.
We will hold long in Nifty and Bank Nifty until and unless any major reversal seems in it.
Today's top pick
In this positive momentum Coal India unable to perform well. Decisive break and sustain below 309 will see sharp down will see sharp downside move till 302---296 mark.
On rise sell Coal India around 315---318 with stop loss of 324 on closing basis.
More will be update soon during market hours only on our Android App!!
