Our SBIN 2100 PUT Rocks!! Two targets achieved in SBIN call given in
our post nifty
tips.
BUY TCS FUTURE ABOVE 1220 TG 1238 ,1247 ,1252
SL 1200.
SELL HINDALCO FUTURE BELOW 112 TG 108 SL 116.
Index extended gains in morning trade., with Nifty hitting 7-week highs. The nifty pared gains after a sudden slide in
mid-morning trade.
The market regained strength in early afternoon trade. Key
benchmark indices pared gains in afternoon trade to hit the day's low .. The
market reversed direction later as Reserve Bank of India's announcement of
measures to attract greater foreign
investment in government bonds
and increase in the total amount that Indian companies can borrow by way of
external commercial borrowing (ECB), fell short of investors' expectations.
NIFTY reversed
its gains in last hour of trade as less than expected measures announced by the
Reserve Bank of India to curb rupee's slide have played a spoilsport today .Nifty
started with 5158 points but ended at 5114 in the last.If there were to be a recovery by the Nifty going beyond 5140, it needs to confirm that by getting past 5150 with good volume based buying support. However, to show real bullish strength and the onset of a fresh strong upward momentum, the index needs to clear 5175 firmly.
Going by the kind of resilience the index has shown in the
recent past, we tend to think that bulls would not much of a problem pushing
the index up again so long as it does not fall below 5070 on sustained. Until
then range-bound scenario to continue while bulls retaining some advantage at current
levels over the bears.
Resistance
1
|
5170
|
Support
1
|
5080
|
Resistance
2
|
5220
|
Support
2
|
5050
|
Resistance
3
|
5270
|
Support
3
|
4970
|
Thank's for your information. It's really nice and informative.
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