Markets would open lower,support for nifty at 5800
If index recovers later during the day buy india cements with a target of 51.60
If bank index recovers one can go long on karnataka bank.
If nifty moves further south side short bharat forge if it breaks 245.5 with a target of 242 sl at 252.2
if nifty weakens short mcleod russel with target of 250,249 sl@257, lic housing can be shorted if bank index weakens with a traget of 189 sl@198
apart from this bearish on future retail,asian paints.
Further calls would be updated during market hours.
It would be better to trade with strict stop loss.
If index recovers later during the day buy india cements with a target of 51.60
If bank index recovers one can go long on karnataka bank.
If nifty moves further south side short bharat forge if it breaks 245.5 with a target of 242 sl at 252.2
if nifty weakens short mcleod russel with target of 250,249 sl@257, lic housing can be shorted if bank index weakens with a traget of 189 sl@198
apart from this bearish on future retail,asian paints.
Further calls would be updated during market hours.
It would be better to trade with strict stop loss.
Sir, What is the support level for banknifty
ReplyDeletesupport at 9685,9536,9455 expecting a bounce back from 9685
DeletePlease guide for Future Retail, short term and long term trend.
ReplyDeleteit has weak fundamentals firstly,short term is bearish,waiting for a conformation to short in futures.next few sessions it would trade weak.
Deleterumours are going n about some deal on it.
SALUTE TO YOU SIR EXITED LIC WITH PROFIT.HAPPY FOR THE DAY
ReplyDeletewelcome kalyan.happy for you
DeleteThis comment has been removed by the author.
ReplyDeletei dont think so suresh,it has tough resistance at 51.9-52 which it failed to break many a times,il explain you one basic formula if a scrip opens high and moves slightly higher then many wil enter but after that if it dramatically comes down then there wil be smal investors who are holding tight their mouse to exit,in this scenario if any punter enters and uplls it slightly down then many will exit who bought at high levels which will create selling pressure.
Deleteofcourse its not in the case of india cem,am telling you in general scenario where there is no news flow.
Hi,
ReplyDeleteAny update on tata steel
its trading very weak.support at 274 levels.moving with index
DeleteAnd any call for now..
ReplyDeleteno call yet,on same work wil update if i get.
Deletebullish on chambal fert and biocon.enter at a dip.
Deletegave call 35.8,its now 36.40.hope anyone enterd.
DeleteDATTHA JI I PICKED AT 35.9, 4 LOTS,IN PROFIT NOW.SHOULD I EXIT
DeleteREGARDS
NAINA
exit partialyy.hold two lots.its bullish counter.
DeleteSir as expected airtel broke 317. I have open position in 290 Pe bought when airtel was 234. Shall i book profit or further downside is left? Also what ur view on Ibreal, it broke its support at 53.50
ReplyDeleteRegards
Soumik
it broke 313 also,seems further downside can be seen,ibreal can be shorted on rise,be a swing trader keep shorting and keep exiting and re entering
DeleteOk Sir. Thanx for the technical check. To me Bank nifty is heading towards 8890 to fill the gap therein created and in absence of any favourable news that possibility is not ruled out.
ReplyDeleteRegards,
Soumik
it is possible but i think we may not go that down as there can be some positive news ahead.
DeleteNifty is further slipping down any negative new now?
ReplyDeleteits taking cues from global markets.no news yet.
DeleteTook DLF CE 145 @ 6.30. Should i hold it?
ReplyDeletehold it,it has support at 127 exit if it breaks 124.
DeleteDo you provide tips for fees?
DeleteYes, but not daily only on specific days,you can contact me with message form on blog.Good luck
Delete