With F&O expiry getting near, and US Fed reserves rate setting meeting later in the day, the investors remained cautious yesterday. We have seen range bound trading in Nifty though traded with positive bias while Bank nifty turning red.
Investors are expecting that Monsoon can act as a further trigger and next few months can be very good for the equities.
Our Calls never disappoint. See for yourself!!
We booked part profit in PFC 183, was asked to buy around 178—175.
Also booked part profit in Nifty future at 7990, it was told to buy around 7920—7900 to our Premium clients.
Our yesterday top pick.. OIL flared like anything as we booked part profit in it at 332, it was asked to buy around 326—324. This is Rs7200 in single lot. All your covered in single call…
Our Subscribers are holding positive in many other calls as well which we will be covering shorty as they are close to its targets.
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What next for today??
Now Nifty has support at 7940. A break below this levels take Nifty to 7880 and then to 7820 else it continues the positive trend. A break above the 8020 will take the nifty future to 8080--8130 mark.
Three consecutive closes + weekly close above 8020 will take to???
With Market changing its trend to positive we are expecting more positiveness in the market in times to come. Buying on dips should remain the basic strategy to grow in this market.
Bank Nifty on the other hand can show some consolidation at current levels. A strong resistance stands at 17080, it’s the channel end resistance and a break and close above this level can change the dimensions of Bank Nifty as it will be a positive move up.
Now support is at 16800---16500. A break below 16800 will take Bank nifty to 16600---16500 levels. Bank Nifty can remain in consolidation if the resistance worked.
Today we have expiry... So traders can trade safely with levels only. More will update during market hours.
Today's Top Pick
Energy sector is performing well yesterday and we will expect this momentum will remain continue.
After OIL... now we target Gail (future). Above 376 catch it. We will see major upside move till 390---394 and then to 400+ mark in days to come.
Support at 360.
More levels will update to our subscribers!!
