Infy Call given on 19th
nov. Achieved all the targets…!!!
Buy HDIL Future above 83.40
Tgt 84.90/85.80 Sl 82.10
Sell SSLT Future below 236 Tgt
232/228 Sl 238.90
Continuing
their record-breaking run, Nifty hit fresh record highs on Monday, buoyed by a
rally in global markets and expectations of more reforms from the government.
The Nifty hit 8500 levels for the first time and rallied to 8534 at its day's high.
Nifty opened at 8490 and closed at 8530 total 44 points was moved nifty throughout
the day. Index ended up 0.62 per cent coming off a life high of 8534 hit
earlier in the session.
For
tomorrow, the level 8555 will likely to act as a strong resistance and the
major resistance for the day would be at 8605. The whole range between 8555 and
8605 is likely to act as a strong supply zone; profit taking led selling is
highly probable at that zone. We tend to think that it would be very unlikely
that the index is going to cross this zone at the very first or second attempt.
Thus part profit booking for short term long positions if the index were to
reach the above mentioned zone would be a prudent course of action. On the
downside, the immediate support zone would be 8455 and 8420 unless this zone is
violated decisively, the bulls need not worry.
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RESISTANCE: 8550, 8600, 8650
SUPPORT: 8500, 8450, 8400
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