Yesterday Sensex, Nifty end over 1 percent; auto, banks, IT, metal rally....... Indian markets traded with high volatility today among global news and showed intense volatility throughout the day. Markets opened lower and showed immense range bound movement and again took a strong pullback and hence settled near our mentioned levels.
Nifty 50 was highly volatile as it opened lower at 7828 and made low of 7823. After that buyers aggressively enter at attractive level and surged 1.37% with straight 107 points to index. It made a high of 7992.
Our call on blog... recommended buying in TCS around 2450 proven great.
Hope you all enjoyed levels in Idea too.
Our recommendations through SMS on PFC, Bank Nifty, Nifty, IOB and Ajanta Pharma too proven great.
We recommended buying in PFC Cash/(FUT) around 178-175 . It made a high of 182.70.
We also recommended buying Bank Nifty around 16800. It made a high of 17069. We booked part profit around 16980-17000
Also recommended buying IOB ( fut /cash) around 31. It made a high of 32.40.
Recommended buying Ajanta Pharma (fut)
around 1525.It made high of 1551 before closing at 1546.
Still need trial... need not to worry at all. Watch more!!
Now what next for today??
Nifty future has resistance at 8000. Three consecutive closes + weekly close above 8000 will see sharp upside move in it else it could test its support level of 7920---7880 and then to 7800 mark again.
Further downside panic will see only close below 7770 mark.
On the other hand... Bank Nifty has support at 16800---16500 and resistance at 17080. Break and close above 17080 will take to 17300---17450+ mark in days to come
Traders can trade with levels only. More will update during market hours
Today's Top Pick
Our many subscribers complaining us that why are you recommending best calls on blog....
So for today... We will update Today's top pick via SMS only.
More will be update soon!!
