Yesterday Indian market opened on an expected note among improving global and economic scenario and so did Nifty 50 as it opened positively at 7898.25 and continued its momentum by making a high of 7939.89 before finally settling at 7890.75 on account of heavy short covering at last trading session and finally settled with 30 points to index i.e. 0.38% change to the index.
SENSEX also followed the same track as Nifty 50 did and was Bullish for the entire day as Sensex gained 120 points and settled at 25773 with 0.47% increase to the index.
Our Call on SuryaLakshmi (cash), HDIL(FUT), Camlifine(cash), Capital First(cash), Bharti Airtel (cash), Maruti (fut), Bank Nifty (fut), CEAT(Fut)
Nifty, TCS, Arvind Ltd proved great.
We recommended buying Nifty (FUT) around 7830—7864. It made a high of 7958.We booked full profit around 7910—7930.
We also recommended buying Motherson SumiSystems (Fut) around 262--260.it made a high of 297.05 before it closed at 291.75.We booked full profit around 290+ level
Also recommended Selling Torrent Pharma (fut) below 1388.it made a high of 1382.20 before it closed at 1385.05.We booked profit around 1382--1383
“Hope you all Minted money” Just trade with level and you will mint money.
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Now what next??
Nifty futures looked highly bullish for the day and opened positively at 7894 and from there made high of 7958 before finally closing at 7911 with increase of 26.20 points to index i.e. 0.38% change to Nifty futures.
Nifty futures settled at 7911. It is showing near term resistance at 7950--8000.If this level is breached on may see resistance building at 8054—8110.
It has a near term support at 7890--7880 .Below this stock may test support of 7800—7780.
Bank Nifty was highly bullish and showed immense volatility at the last trading session as it opened at 16869 and from there made low of 16784 before retracing itself to high of 16937 before finally closing at 16795 on account of profit booking with just 6.35 points to the index i.e. 0.04%
Currently Bank Nifty at 16795 has crucial resistance at 17000.If this level is breached in coming sessions one may see next resistance building around 17150--17300.
It also has a near term support 16700.If this level is breached there can be panic as next support building below 16570--16500.
Top pick of the day!!
Today's top pick we will update during market hours on our Android App and blog. So keep visiting this page.
More will be update soon!!
