17 April 2017


“BUY RELIANCE 1420 CALL @ 15 TGT 21/27”

“SELL BANKNIFTY FUTURE BELOW 21690 TG 21640/21580 SL 21740”
Benchmark indices ended the day on a negative note, with the Nifty ending below the 9150-Level. The Sensex remained weak throughout the day to end at 29413 levels down by 47 points. The Nifty also remained mostly lower in today’s trading session to end at 9139 levels down by 11 points. Indiabulls Real Estate was the stock of the day. The stock surged as much as 28% in today’s trade after the company informed bourses that it is going for restructuring. The restructuring at the company would help it to concentrate on the key business segments individually. This will also help the company to improve its competitive advantage in the real estate sector in the country.
Pullback rally is expected in upcoming sessions. Going forward, the immediate support for the Nifty is placed at 9100 and 9075 levels. On the flipside, resistance is seen at 9155 and 9185 levels, but the major hurdle is in the 9125-9155 region and till such time that this region is taken out, any rally may be considered as a pull back or of corrective in nature.
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Resistance: 9155, 9185, 9235
Support: 9100, 9075, 9050

1 comment:

  1. Good call...Reliance 1420 call made high of 21.75...check out Stock future tips on https://beststockfuturecalls.blogspot.in/