On Monday against all odd Indian markets opened on a highly positive note thanks to Infosys weightage of 40 points
to the index and traded positively against market expectation as Asian market traded negatively on undecided decision on OIL production freeze and rate cut and also amongst weak global cues.
Thanks to Infosys Q4 results as Nifty opened with a gap at 7908 and from there made high of 7924 before showing some range movement and closed at 7915 with just 64 points.
Our Call on BPCL, HDIL, Jet Airways, ZEE Entertainment, KSCL, Capital First, Idea, Cipla... All are moving towards north direction
Our buying recommendation in IDEA around 109 proven great . Booked full profit at 120. It made a high of 120.15 and before closing at 118.65 .
“Hope you all Minting money daily” Just trade with level and you will mint money.
Now what next for today??
Nifty futures still looks bullish on charts. Above 7930... we will see further upside rally till 7980---8020. More and more power will see only close above 8020 mark. Major hurdle at 8100.
It has a near term support at 7860 .Below this level it could test its support level of 7820----7760 mark.
Bank Nifty looked extremely weak at open on expected lines as there was bad news on counters like BOB and consequently Bank Nifty futures opened lower at 16029 but again showed strength by making it high of 16355 before settling at 16229 shedding 103 points to index i.e a 0.63% decrease to index.
Currently Bank nifty at 16229 has crucial resistance at 16400. Break and sustain above 16400 will take to 16700---16800 mark. More and more power will see only weekly close above 16800 mark.
Support at 16000.
Today's Top Pick
ICIL.... Told to buy above 1055. It made a high of 1070. Above 1073... we will see further upside rally till 1093---1098 and then to 1120+ mark in days to come.
Already holding long in ICIL... more levels and stop loss will update only to our subscribers.
More will be update soon during market hours only on our Android App!!
