"Buy Hindalco Future above 158.20 Tgt 159.20/162 Sl 156.50"
For Monday another gap up opening could well be likely! We are likely to see further upward movement in the Monday’s session. However, the range between 8270 and 8350 would emerge as a strong supply zone, and we do not expect it to be crossed at one go. In any case, even if the Nifty manages to reach those levels and close there on Monday would suggest a short term reversal for sure. Thus, not being able to cross the above-mentioned zone would not be that bad since even if we were to close within the zone or near it helps the cause of the bull in that it would signal the end of the current downtrend, and a probable onset of another uptrend. More about intraday tips on Google +
"Sell Rcom below 82.50 Tgt 81.90/80.50 Sl 84.50"
Bulls are back in action..!!!!!
today they were moving in range of 8210-8268
levels, but market movement was completely lackluster due to weekend Friday. Today
nifty reclaimed its 8200 mark. The nifty opened at 8230 made a high of 8263 and
low of 8208 and closed at 8225 level total 55 points was moved by nifty throughout
the day.For Monday another gap up opening could well be likely! We are likely to see further upward movement in the Monday’s session. However, the range between 8270 and 8350 would emerge as a strong supply zone, and we do not expect it to be crossed at one go. In any case, even if the Nifty manages to reach those levels and close there on Monday would suggest a short term reversal for sure. Thus, not being able to cross the above-mentioned zone would not be that bad since even if we were to close within the zone or near it helps the cause of the bull in that it would signal the end of the current downtrend, and a probable onset of another uptrend. More about intraday tips on Google +
RESISTANCE: 8280, 8320, 8360
SUPPORT: 8240, 8200, 8180
Nice article i found, very well described all points for stock market it can be helpful and provide more update on stock market.
ReplyDelete
ReplyDeleteNice posting, thanks for this useful post for all intraday traders. If you want more stock or commodity tips in all segments then CLICK HERE