Yesterday Indian Market opened on a flat not as market was unable to factor in the rate cut of 25 bps by RBI and was undecided hence market traded in either direction with range bound volatility with Nifty (Spot) just gaining 45 points and closing at 7759 and was able to sustain and hold 7750 level with just 0.59% increase to the index.
Nifty opened at 7733 and from there and made high of 7764 and low of 7704 before closing with just 0.59% increase to the index.
Our calls on, HDIL (Fut), BHEL(Fut), Cummins India proved great. We booked profit and minted money in tons.
We also recommended buying in Bliss GVS Pharma (FUT) around 131-128 with Stop Loss 118. It made a high of 142.30 and closed at 139.50
“Hope you all Minted money” Just trade with level and you will mint tons of money.
Still need trial... need not to worry at all. Watch more!!
Now what next??
Nifty Futures also traded with minimum volatility on both direction and opened at 7789 and from there made low of 7786 before closing at the day low of 7786 and therefore closing at premium of 27 points to spot nifty
Nifty futures is settled at 7786.It is showing near term resistance at 7777.If this level is breached on may see resistance building at 7802.
It has a near term support at 7727 .below this stock may test support of 7699.
Bank Nifty also traded with minimum volatility in either direction and from and therefore opened at 16306 in green but from there panicked and made low of 16126 and made high of 16341 before closing at 16265 with just 11 points to the index.
Bank nifty has a resistance at 16360 which would remain crucial as to cross for a bull rally. We will keep a watch on bank nifty as if this resistance in crossed on a weekly close we can expect further rally up.
Nearest Support remains at 16180. A break below this can take the stock to its next support of 16050---16000
Just trade with our levels... More levels and today's top pick will update during market hours
