As expected... Nifty future flared like anything. Our buy call proven great. Nifty ushered in green post budget session as the realistic budget provided Nifty with the much needed surge of 3.37% closing at 7222.30.
Budget has given a direction to the market and a clear picture may emerge in near term. We clearly recommended buying in Nifty and Bank Nifty. Hope you all enjoyed a lot.
Our Buy calls in SKS Microfinance ,Bharti Airtel Ltd, Suven Life Science Ltd proved great. We booked profit and minted money in tons.
We also recommended buying ACC Ltd future at 1200 for the target of 1230. Too made a high of 1236.
“Hope you all Minted money”
Just Trade with level and you will mint more money.
Still need trial... need not to worry at all. Watch more!!
Now what to expect today?
Nifty future showed a bullish trend with a surge of 3.37 % and climbed 235.25 points to close to 7222.30.
On charts Nifty making a piercing pattern with upper resistance building around 7270----7360.
We will expect Nifty future to test its resistance level if 7270---7320---7360 mark.
We will hold long in Nifty and Bank Nifty until and unless any major reversal seems in it.
On the other hand Bank Nifty future skyrocketed. It opened in green at 14065 making intraday high of 14478.
Bank nifty 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.
Currently Bank nifty has resistance at 14600---14750 and support at 14000. We will see this rally to remain continue and could test 14600---14750 mark in days to come. Three consecutive closes + weekly close above 14750 will see mind blowing rally in Bank Nifty till ???
Traders holding long as per our level can book profit and in panic will buy with stop loss below 14000.
Today's top pick
We have seen mind blowing rally in Engineers India. Still looks positive on charts. Break and sustain above 162 will see rally till 166---168.
Support and stop loss seen at 158.
(Above mentioned rates are as per future scripts)
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