WOW!!!!
First TG achieved of both the calls R
POWER and NIFTY 5300 CALL given in last post.
BUY TATAMOTORS
FUTURE ABOVE 230 TG 236,242 SL 225.
SELL
NIFTY FUTURE BELOW 5280 TG 5310,5340,5370 SL 5250.
After
a rather disappointing week, equities opened this morning on a strong note,
showing no signs of a risk-off trade today.
The day started off with a strong
gap up opening, but there was still no sign of profit booking coming in. Strong
European markets also aided the market’s up move today.NIFTY jumped nearly
66 points to settle at 5282.Index made a high of 5293 and a low of 5260 in
intraday trade.
Our circumspection about any such bullish move was right to
the extent today. Nifty likely to see an opening anywhere between
5290and 5300. This is the key resistance level above which we are headed for
Nifty 5300+ levels. However implausible that may seem from a fundamental point
of view it would well become a reality if the index manages to decisively take
out 5325 in the near term. Our circumspection about any such bullish move was
right to the extent today.
Resistance 1
|
5290
|
Support 1
|
5260
|
Resistance 2
|
5310
|
Support 2
|
5240
|
Resistance 3
|
5330
|
Support 3
|
5210
|
Stock market is known for its volatile nature and real nifty trading experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.
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