Yesterday markets opened in red as Asian And Global market traded with high volatility due to FOMC meet and rate cut and impending decision to revise it till June and also on account of weak global cues as Nifty opened lower at 7630 and made low of 7536 before some pullback was shown and hence making high of 7631 and closing at 7546 down 67 points therefore depreciating the index by 0.89%.
Our calls on, NMDC, McleoudRussel , BHEL, proved great. We booked profit and minted money in tons.
We recommended buying in Bliss GVS Pharma (Cash) around 131-128. It made a high of 142 and booked profit at 138 above.
We also recommended Buying SKS MicroFinance (cash) around 541-537 with SL of 520.It made a high of 557.10 and we booked profit at 557.
Also recommended Selling Bank Nifty at 15620 with SL of 15820.It made a low 15520-15500. We booked profit below 15520
“Hope you all Minted money” Just trade with level and you will mint money.
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Nifty futures opened on a low note due to weak global cues and global news therefore opened lower at 7663 and from there showed little pullback making high of 7669 but succumbed to negative market sentiments and closed at 7567 down 73 points with 0.96% decrease to the index.
Nifty futures is settled at 7567.It is showing near term resistance at 7700.If this level is breached on may see resistance building at 7730-7790
It has a near term support at 7500 .below this stock may test support of 7480 and may rebound.
As expected Bank Nifty opened lower on account of FED indecision to increase interest rate till June and hence Bank Nifty opened lower at 15669 and from there showed some respite by making high of 15727 and again succumbing to negative market sentiment and from there made low of 15458 before settling at 15531 down 106 points i.e a 0.68% decrease to index.
Currently Bank nifty settled at 15531 .It has crucial resistance at 15660.If this level is breached in coming sessions one may see next resistance building around 15850.
It also has a near term support 15430. If this level is breached. One sees support building around 15340
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