CALL GIVEN IN 19 NOV POST
VEDL 140 PUT ACHIEVED 1ST TGT 4 & MADE A HIGH OF 4.45 BUY GIVEN @ 3
PROFIT OF 4500 ON 9000 INVESTMENT
Bulls were in relaxing
mood. After 3 days run bulls were taking breathe. Nifty & sensex ended a
little changed on a volatile day. India’s benchmark equity indices closed
marginally lower on Thursday amid profit booking. Markets were subdued through
the day even as the Union cabinet on Wednesday approved the government’s mega
divestment exercise and the markets regulator tightened default disclosure
norms. The Sensex lost 76 points to close at 40575. The Nifty fell 30
points to close at 11968.
The market will await
the gross domestic product (GDP) data, due on 29 November that is likely to indicate
that the slowdown in the Indian economy was deepening. Investors will also
watch out for developments around the US-China trade deal. For the coming session,
immediate resistance would be seen at 12050-12095 and a sustainable move beyond
this would extend this rally towards 12150. On the flipside, 11950-11900 are
likely to act as strong support levels unless
this zone is violated decisively, the bulls need not worry.
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Resistance: 12050, 12095,
12150
Support: 11950,
11900, 11850
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