There will be above average rainfall this monsoon, announces Met Department
"After two successive years of deficient rainfall, Monsoon 2016 is expected to be good and the country will receive 106% rainfall," said LS Rathore, DG IMD, in a press conference.”
This news was like virtual rainfall relief for the market as all sectors opened at a high note. Nifty opened gap above 7740 and made high of 7865. Sensex also looked strong and capitalized with gain of 1.91% to the index i.e a sharp 481 points rally and finally closed at 25626 before holidays.
Our Call on Jet airways, BPCL, BHEL, OIL ,IDEA, KSCL, Nifty, Bank Nifty all proven great.
We also recommended buying in Wockhardt pharma in Cash/(FUT) around 958-955 . It made a high of 1058 and before closing at 1033.
We also recommended buying Dishman Pharma cash/around 342-343. It made a high of 355 and we booked profit at 355 ,before it closed at 348.75
We also recommended buying Idea (Fut) around 109. It made a high of 116.70, booked part profit at 116.
We also recommended buying Bank Nifty around 16250-16220.it made a high of 16411. We booked full profit in Bank Nifty too.
Everyday minting money... Are you???
Still need trial... need not to worry at all. Watch more!!
Now what next for today??
Nifty futures support at 7790---7740 and resistance at 7900. Break and sustain above 7900 will take to 7960---7990 and then to 8050.
More and more power will see only close above 8100 mark else it could test its support level of 7790---7740 again. Further downside panic will see only close below 7740 mark.
BANK NIFTY Our upper side target intact 16700---16800. Three consecutive closes + weekly close above 16800 will see further upside move in Bank Nifty. Crucial support at 16000---15600.
Traders can trade with levels only and wait for confirmation. More levels and updates will provide during market hours
Today's Top Pick
Hind Uniliver(Future).... Breakout point 880. Any sharp panic will be buying opportunity in it
Target looks 935---960+ mark.
Stop loss.and entry point only to our subscribers.
More will be update soon during market hours only on our Android App!!
