As expected, Nifty and Bank Nifty rally continues on positive outlook and rare cut expectation from RBI. Nifty ends above 7700 for the first time since January 6,Sensex Jumps 333 points whereas Midcap and small cap gained 1.3% to respective index.
Our buy call in Nifty future proven great and made a high of 7723. We boldly recommended fresh buying above 7630 mark. Hope you all enjoyed rally in Bank Nifty too.
Yesterday we recommended LT future on our blog to buy with stop loss of 1190. It flared and made a high of 1238 mark
Not this only...
Our buy calls on Axis Bank, Godrej , RPP infra, Mindtree, Bharti Airtel and sell call of Lupin proven great. We booked profit and minted money in tons.
Still need trial... need not to worry at all. Watch more!!
Now what to expect for today??
Nifty futures gave a gap up opening at 7620 and from there it looked strong and made a high of 7723 gaining almost 100 points to the index.
Now... Above 7740. We will see further upside rally till 7790---7825 mark. More and more power will see above 7825 level only.
Traders holding long as per our level can revise stop loss below 7600.
On the other hand... Bank Nifty made a high above 15940. We recommended and holding long above 15750 mark.
Now hurdle at 16050. Once break and close above 16050 with volume will see more upside rally in it. Ultimate target looks 16700.
Immediate support at 15700 and major support at 15200.
Trade with levels only.. More levels will update during market hours
Today's top pick
LT... Yesterday we recommended buying in it for the initial target of 1250.
Still we will hold for the for the upside target of 1250 and then to 1265---1280 mark.
Any sharp panic will be buying opportunity in it. Support and stop loss intact 1190. Also try to book part profit around 1250 mark. (Above mentioned rates are as per future price scripts)
Hope you all are holding long in OIL too. Above 316... Target you all knows very well.
More will be update soon during market hours only on our Android App!!
