Volatility
was witnessed there in market on Wednesday due to the announcement of cuts in
key interest rates by the Reserve Bank of India (RBI), earlier this month;
the investors had already factored in the tweak in interest rates and were
disappointed as the central bank maintained its neutral stance. Nifty future was
trading with positive bias on Wednesday but closed below the support level 9900.
Nifty future has opened at 9850 made a high of 9918 & low of 9846 &
closed at 9880. Sensex added as many as 258 points to end the day at 31646.
The 9935 and 9955
levels may play out as major resistance for the Nifty on Thursday. Supports
should come in much lower at 9820 and 9775 levels. I recommend every
dip near 9875 can be used to make fresh long in the index with keeping stop out
level below 9850 on a closing basis. but we strictly recommend not to initiate
any major short positions. On the long side, only modest positions may be taken
until we see through the expiry. Overall, a cautiously positive approach is
advised for the day.
More about intraday tips on Google +
Resistance: 9925, 9955, 9975
Support: 9775, 9755, 9725
JUSTDIAL BULLISH; AS PREDICTED ON 30 AUG CHECK OUT PROFITS ON EQUITY FUTURE CALLS ; FOR LIVE TRADING LEVELS WHATS UP ME ON 09039542248
ReplyDeleteINTRADAY STOCK OPTION DLF 205 CALL BUY @ 2.9 & BOOKED @ 4.2 TOTAL 6500 PROFIT IN JUST 1 LOT IN 14500 INVESTMENT.FOR SUCH OPTION CALLS VISIT OPTION TRADING TIPS
ReplyDeleteI did trade in cash segment in 2015 but now I want start trade in option..so can u guide me..?
ReplyDeletesure sir i will guide u plz give ur contact no. or contact me on 08982086510 whatsapp 9039542248
Delete