5 April 2018

RCOM FUTURE ROCKS..!!! NIFTY TIPS FOR 06-04-18

CALL GIVEN YESTERDAY LAST POST  
RCOM FUTURE CALL ROCKS ACHIEVED ALL THE TGT IN INTRADAY
PROFIT @ 1ST TGT = 19600
PROFIT @ 2ND TGT 33600
TOTAL PROFIT =  53200
HCC NOT EXECUTED 
Markets ended over 1.5% higher on Thursday after the Reserve Bank of India kept the repo rate unchanged at 6% in the first Monetary Policy Committee (MPC) meet of FY19. The Sensex ended at 33597, up 578 points while the Nifty settled at 10325, up 197 points. The MPC had started its 2-day meeting on Wednesday amid little hope of a rate cut, given a hardening in global crude oil prices. The RBI has maintained the status-quo on the key short-term borrowing rate (repo) in its last three policy meets. The benchmark lending rate was reduced by 0.25% to 6% last August, bringing it to a 6-year low.
For tomorrow nifty now tests key resistance at 10400. A strong rally beyond this level and the next key resistance at 10450 will strengthen the bullish momentum. In that case, the contract can rally to the 10475 and 10500 band. But the inability to move beyond 10350 will keep the index under selling pressure. A decisive fall below 102750 can pull the contract down to 10225 and then to 10200 levels. The next key supports are at 10150 and 10100 levels.
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Supports: 10300 and 10200
Resistances: 10400 and 10500

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