Hi All,
As per the prediction, market was bullish yesterday. Today market may open on flat note, and then it will gradually increased with a target of 5600+, as market has given up flag breakout, because of slightly profit booking of trader, market may fall up to yesterday's median that is 5512. But over all market will be bullish.
Concentrate on Bank Nifty and Banking stocks, even Finance related stock also.
Pivot Levels:
P: 5516
R1,R2,R3: 5536 - 5548 - 5568
S1,S2,S3: 5503 - 5483 - 5470
Technical Resist: 5563 - 5608 - 5664
Technical Supports: 5501 - 5484 - 5445
Intra-day stocks:
- Ador Fontech: Long Position
- BHEL: Long Position
- Chambal: Long Position
- Glaxo: Long Position
- Jindal Cotex: Long Position
- Prakash Ind: Long Position
F & O Stocks:
- Aban: Long Position
- ABB: Short Position
- Asian Paints: Short Position
- Balarampur chin: Short Position
- Infosys Tech: Long Position
Delivery Stocks:
- APIL: Short Term Hold
- CPIL: Short Term Hold
- Glaxo: Medium term hold
- Godrej Ind: Medium term hold
- Prakash Ind: Medium term hold
- Unitech: Long term hold
If you have any problem please get in touch with me.
Sincerely,
Anagha Bhave
[Technical Analyst]
9922944434 / 9922942422
Precise Analysis Pvt Ltd.
Flat No: 7, 2nd Floor, Indraprastha Apt, Near Ambar Hall,
Mayur Colony, Kothrud, Pune 411038
Markets gained smartly in late-noon trades on the back of buying in IT stocks. A positive closing for Asian markets and reports that the government has tabled some key reform bills in parliament this week helped the index to end in the positive for the fourth straight day. The S&P CNX Nifty closed at 5654.25, up 131.25 points or +2.39 %.
ReplyDeleteThe Nifty futures closed and settled finally at 5674, up by 128.20 points or 2.31 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5715 else below 5570 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5715 & above this level the next resistance is seen near the 5800 mark.
SUPPORT: It has first support close to the level of 5570 & below this level the next support is seen near 5510 mark.
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