"RELIANCE 1420 CALL GIVEN IN OUR LAST POST ACHIVED 1 ST TGT 21 MADE A HIGH ON 21.75"
TOTAL
3000 PROFIT IN JUST 1 DAY WITH THE INVESTMENT OF 7500
FOR
SUCH CALLS FILL UP THE FORM GIVEN HERE>>>>
Market had
a trend reversal during the day and ended on a negative note. The market continued
its southward journey; Sensex had gained over 250 points, but has ended in the
red. The Nifty closed at 9105 levels, down by 34 points whereas the Sensex
closed at 29319 levels, down by 94 points, weighed by weakness in global peers
after unexpected UK election announcement. Investors were also worried after
prediction of monsoon at lower band of normal monsoon and on higher probability
of El Nino.
Nifty has reached to its immediate support zone
of 9100 and likely to witness a pause in the next trade. Only a
decisive fall below 9100 level can strengthen the bearish momentum and drag the
contract down to 9055 and then to 9000 in the short-term. Such a fall would be
a cue for initiating short positions with a fixed stop-loss. On the upside, the
contract has significant resistances at 9155 and 9175 levels. A conclusive
rally above the second resistance is needed to strengthen the bullish momentum
and take the contract up to 9200 and 9250 in the same period. Therefore,
traders with a short-term perspective should desist from trading in the index
futures contract as long as it trades in the sideways band between 9155 and
9100.
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Supports: 9100 and 9050
Resistances: 9155 and 9200
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