NSE Nifty has shown a good upmove in a past few days, we can expect the same to continue for the coming days. The overall sharp upside can be expected if two consecutive closing above 5420, this will give a new trigger to the markets and bring then into a new wave where the upmove will be rigorous and most of the index stocks will see new highs being made. The large caps would be the flavour of the season for a few days if this happens and once they will start cooling we may see the party continuing in the midcaps.
For the Nifty immediate support lies at 5270-5230 and resistance at 5350-5420, out of this range only we will see some action. Traders holding long positions can continue holding long positions with overall stoploss of 5230 and at this point of time buy on dips is suggested with stoploss of 5230. On close above 5420 don’t remain short at all.
Stock to Go Long : Alembic, TataMotors, GAIL
Stock to Go Short : HCC, FCSSoft
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{ 2 comments… read them below or add one }
dear sir please update global market crude gold dollar and sector news
sir ur stock alembic call was very gooooooooooood!!
i made huge money 53 to 66 mazaa aa gaya sir. please provide some more such calls