Update on Nifty, Bank Nifty and Equity Pick of the day 07 April 2016

It turned out to be a very volatile day for the market yesterday as both Nifty and Bank Nifty opened a bit high, went extreme down and finally recovered closing slightly positive. Nifty closed at 7614, just gaining 11 points where as Bank Nifty was down 58 points just to close at 15636.We are still experiencing Banking sector effecting the market as price is still not settled after the 25 bsp cut in repo rate.

Our Calls are still open despite market volatility and we will book profit soon.

Our buy call of Jet Airways skyrockted and made a high of 634. Our initial target intact 640.

Hope you all minted money... Just trust us and keep following our levels, you will mint money.

Now what to expect from Nifty and Bank Nifty today??

Nifty Futures could not close above its nearest resistance of 7645, making a close at 7640. Next hurdle is at 7680. It has to cross these hurdles to gain momentum again.

Nearest support is now at 7580. A break below this level can expect Nifty futures to touch its next support if 7530---7480. 7430 act as major support.

Above 7680 will see more upside rally till 7725---7740+ mark.

On the other hand... Bank Nifty futures although remained weak but closed above its support of 15665, making a close at 15730. If it close below this support level of 15665 can bring more weakness in Bank Nifty till 15455---15365.

Immediate hurdles at 15880. A close above this levels is important for the bulls to take over again.

Till then, Just trade with our levels and keep minting money.

Today's Top Pick

Grasim.. We have seen rally of 2% in yesterday's trading session and we will expect this rally to remain continue in today's trading session too. 

Above 3920 in cash... buy it. We will see rally till 3980---4020+ mark.

Support at 3870

More will be update soon during market hours only on our Android App!!

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Update on Bullions, Basemetals and Energy.... April 6, 2016

Gold

Support at 28600 and Resistance at 29000---29150

If it unable to breach its support level of 28600 then it could test its resistance level of 29000---29150 again

Further upside rally seen only close above 29150 mark else it could test its support level of 28600

Two consecutive closes below 28600 will take to 28400---28250 mark

Fresh selling can initiate only weekly close below 28200

Trade safely with levels only

Silver

Support at 35800 and Resistance at 36400

Close above 36400 will take to 36900---37200 and then to 37600+ mark in days to come else it could test its support level of 35800 again

 Three consecutive closes + weekly close below 35800 will take to ???

Trade with levels only

Copper

Support at 313 and Resistance at 318

Close below 313 will take to 309---306 mark else it could test its resistance level of 318 again

Two consecutive closes above 318 will take to 323---327+ mark

Trade with levels only

Zinc

Told to sell below 121.20 with stop loss above 122.20. Booked full profit around 119.00

Now what to expect???

Support at 118 and Resistance at 121

Three consecutive closes below 118 will take to 112---108 and then to 103 mark in days to come else it could test its resistance level of 121 again

Close above 121 will take to 124---125.50 mark

125.50 act as major hurdle in Zinc and chances are unlikely to breach its resistance level of 125.50 in near terms but trade safely with levels only

Aluminium

Told to sell below 101.20 with stop loss above 102.20. Made a low of 99.45 and now trading around 100

Now what to expect???

Close below 99.40 will take to 98.60---97.80 mark. Three consecutive closes + weekly close below 97.80 will see free fall in Aluminium

Revise stop loss above 101.50

Lead

Support at 112.90 and Resistance at 114.80

Close below 112.90 will take to 111.50---110 mark else it could test its resistance level of 114.80 again

Further upside rally will see only close above 114.80 mark

Trade with levels only

Crude oil

Not able to breach its support level of 2350 and bounced back again to 2482

Now what to expect???

Support at 2430---2380 and Resistance at 2500

Close above 2500 will see further upside rally till 2560---2590 and then to 2630 mark in days to come else it could test its support level of 2430---2380 again

Further downside panic will see only close below 2350 mark

Trade with levels only

More will update soon!!

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Minted Money in Basemetals...Have a look!!

Our subscribers minted money in Basemetals...Just scroll down to know how??

Panic Continues in Aluminium and Zinc... It was recommended to sell on rise.

See what happen??

We recommended selling in Aluminium below 101.20. 

Just made a low of 100.20. Booked part profit.

Zinc was recommended to sell around 121.20.

Also booked full profit in Zinc around 119.20---119.00.

More will update soon!!

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Update on Nifty, Bank Nifty and Equity Pick of the day 06 April 2016

Yesterday Nifty opened down from previous day‘s close and crashed more than 150 points. We had given on our yesterday’s blog that 7700 is the nearest support, Nifty broke it yesterday and crashed like anything.

Bank Nifty on the other hand crashed 495 points and was actually the cause of market fall. It broke an important support of 16000 and closed at 15700.

Market did not take any pull back while going down and fell as soon as the rate cuts were announced. Expectation of rate cut is too high that's why market didn't digest.

Our Calls still stand good despite market weakness. 

Now what to expect from Nifty and Bank Nifty in future!!

Nifty Futures broke an important support of 7640 so there are chances of its weakness to remain and it could test its next support of 7580. 

More and more panic will see only close below 7580 mark. Immediate  resistance is now at 7680.

Bank Nifty on the other hand has a support at 15600 and could get a small rebound from here. A break of this level can expect to test its next support of 15400---15250. Resistance is at 16000.

Traders can trade with levels only and wait for confirmation. Anything seems will update via App 

Today's top pick

Yesterday market turns negative and most of the stocks are too in red zone. It looks like reversal on the part of correction. For this week we will expect market to remain negative. 

Try to exit from all long stock for time being. We will re enter again in the market.

HDFC (future)... Below 1086. Sell it with stop loss above 1112. Target looks 1053---1038.

More will be update soon during market hours only on our Android App!!

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Update on Gold, Silver, Copper and Crude Oil....5 April, 2016

Gold

Told to buy Gold around 28600 with stop loss below 28380. Flared and made a high of 28877

Now what to expect???

Support at 28500---28200 and Resistance at 28900

Break and close above 28900 will take to 29050 and then to 29450---29600+ mark in days to come

Fresh and positional sell only below 28200 on closing basis

Silver

Above 36100... we will see rally till 36400---36700---37000. Further upside rally seen only close above 37000 mark else it could test its support level of 35800 again

Three consecutive closes + weekly close below 35800 will see free fall in Silver till 35300---34800 and then to 34000 mark in days to come

On Comex division... Above $15.20 we will see rally till $15.50---$15.80---$16.20

Fresh selling can initiate only weekly close below $14.60

Trade with levels only

Copper

Yesterday we recommended selling in Copper below 317. It made a low of 313.70 and now trading around 316

Now what to expect???

Support at 313 and Resistance at 319

Close below 313 will see further downside panic till 309---306 mark else it could test its resistance level of 319 again

Further upside rally will see only close above 319 mark

Trade with levels only

Crude oil

Below 2500... our target was 2430---2380. It made a low of 2355 and now trading around 2380

Now what to expect???

Close below 2350 will see further downside panic till 2280---2230 mark in days to come else it could test its resistance level of 2400 and then to 2440---2470+ mark again

Trade with levels only

More will update soon!!

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