Nifty made a high of 8276 but could not sustain and ended flat after trading strong for the whole day on Friday, closing at 8220 while the Sensex was down 0.11 points at 26843.03. Both the benchmark indices posted biggest 2-week gains in last 3 months.
Pharma, infra, telecom and HDFC group stocks dragged market while Axis Bank, ICICI Bank, Infosys, HUL along with auto stocks gained.
Nifty is now on a strong bullish trend and this time will be considered best time to invest in the Indian equity market. Every correction will be a buying opportunity in selected stocks and with strong fundamentals Indian market is ready to touch all new highs in the time to come.
Bank Nifty on the other hand remained strong despite nifty weakening at the end of the day. It gained 113 points and closed at 17680.
Analysts are of the belief that bank Nifty would be the first sector to participate in the much expected bullish run and it is showing same signals on charts.
Our subscribers minted money from our calls... Have you?
We booked profit in Tata Steel at 347, which was our BTST call and recommended to buy around 342.
We booked full profit in Axis Bank at 544, it was asked to buy around 528---525.
Reliance also traded according to our prediction and we booked profit at 964, it was recommended to buy around 955.
We are planning to add more gems to the portfolio of our subscribers as many stocks will be sky rocketing with the bullish Indian market.
Just keep following our blog for more levels and stock picks.
Now what to expect?
Nifty future has supports at 8180---8150 and the next at 8280. These would remain crucial levels as a break of 8150 will make Nifty futures to get slightly weak to touch 8080—8020 and then to 7900 mark in days to come and if this happen then again it's a good chance of buying opportunity else as the bullish momentum continues, the nearest hurdle which it needs to cross is 8280 levels.
Two consecutive closes above 8280 will take to 8400---8500+ mark in days to come.
Above 8000... target intact 9100----9200 mark.
Trade with levels only... More levels and updates only to our subscribers.
Today's Top Pick
NTPC... Weekly call.
Above 145. Rally remain continue and could test 158---162+ mark in days to come.
In panic will buy around 145---142. Stop loss below 135 on closing basis.
More will update soon!!
