We have seen range bound trading in last week but remain above the support level of 7600 which it tested just to rally back. Friday was weak as Nifty came down 23 points and closed the week at 7750.
Bank Nifty capitalized on the news of 25 base points cut in rates to be done by RBI and added more than 250 points in the Bank nifty index from the previous week. Bank Nifty remained flat on Friday and closed at 16244.
As usual our calls proved great yet again!
We booked full profit in Reliance Infra around 559,where we had asked to buy above 542.
DLF also gave us good profits as we asked to book full profit at 120.00, it was asked to buy above 110.50---110.
Hope you all minted money with our levels and calls in Capital first... Star... Sksmicro... Mothersumi... Mcleodruss and many more.
Still need trial... need not to worry at all. Watch more
Now what to expect today???
Since we have moved into April future let us revisit our levels. Nifty Futures has resistance at 7790---7840. Chances are bright to test its resistance level of 7840. More and more power will see only close above 7840 mark else it could test its support level of 7660---7600 again.
Further downside panic will see only close below 7600 mark. In panic will buy with stop loss below 7600 on closing basis.
BANK NIFTY Above 16050... our target was 16300---16450 and then to 16700+ mark in days to come. We are holding long in Bank nifty from 14000 mark. Bank nifty has support at 16000 and resistance at 16300. Break and close above 16300 will see further upside rally till 16450 and then to 16700+ mark in days to come. Revise stop loss below 16000 on closing basis.
Just trade with our levels and keep your portfolio updated. More levels will update during market hours.
Today's top pick
Today we expect cement sector to perform. Looks positive on charts.
ACC future
Above 1400... we will see rally till 1440----1455+ mark
In panic will buy around 1410---1400. Maintain stop loss below 1370 on closing basis.
More will be update soon during market hours only on our Android App!!
