SUN TV FUT
We recommended traders to BUY SUN TV FUT AROUND 877-880 level for a target of 885-893 may achieved with a stop loss of 872.
We recommended traders to BUY ASTRAL ABOVE 868 level for target of 875-885 may achieved with a stop loss of 860.
|RAIN IND||BUY ABOVE||393.00|
|BAJAJ ELEC||BUY ABOVE||570.00|
|VADILAL IND||BUY ABOVE||950.00|
|KIRI IND||SELL BELOW||439.00|
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In this volatile market where investors were not getting any clue about the index movement, we have successfully provided index tips in the most choppy market of this year, In last 15 calls we have successfully converted 14 calls into profit with 93.33% accuracy and given Profit of 60821 in just 1 lot of Trade
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Friday Market Commentary
Indian Equity benchmark indices opened gap up today tracking positive global cues but did not break its crucial resistance level of 10300 which is crucial for further upward movement. Market was trading in downward channel pattern and was in consolidation phase after Nifty future has tested its resistance level but could not sustain around that level which shows negativity in the market and in later part of the day Nifty future fall nearly 90 points and ended today session with a loss of 26.50 points at 10216.45 and Bank Nifty future closes with 194.80 points down at 24313.25. We have witness stock specific movement on both side today but market breadth was once again negative as 582 shares advances against 958 shares decline today and 40 shares were remained unchanged. Today all indices were once again traded mixed in which IT sector gain the most by 0.51% followed by Media sector which gained by 0.46% today and in negative side both PSU Bank and Metal sector looses by 1.81%
Tech Mahindra, Bajaj Finance and HDFC were top Nifty 50 gainers today and Tata Steel, Axis Bank and Adani Ports were top losers today at NSE.
Monday Market Overview
Indian market will continue to trade on market sentiments and economic news whether it is domestic or global news. 24600 for Bank Nifty future and 10300 for Nifty future is still very crucial level and will decide market movements in coming days. We should advise traders and investors to buy fresh position only if this level breaks out as indices will be heading towards 10600 and 25500 in coming days and if indices don’t break through these crucial levels then there is possibility that we could see new 2018 low in benchmark Index. Stock Specific movement will continue to move and will give investors chance to earn in the market.
RESISTANCE & SUPPORT LEVELS -:
Support of Nifty future is placed at 10175 and 10120.
Resistance of Nifty future is placed at 10300 and 10410.
Support of Bank Nifty future is placed at 24240 and 23960.
Resistance of Bank Nifty future is placed at 24600 and 24820.
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Thursday Market Commentary
Indian Equity benchmark indices opened gap up today tracking strong global cues. Apart from
1ST hour of the day market was in favor of bulls and ended its 6 day fall with a strong up move. Despite strong bullish up move stocks seems not to be a part of today rally as overall Advances were 741 shares and Declines were 804 shares and 69 shares were unchanged, which is a point of concern. Nifty future and Bank Nifty future were still trading under their crucial resistance level of 10300 and 24600. Today all indices were traded mixed in which PSU Banks gain the most by 2.80% followed by Finance sector which gained by 1.54% today and in negative side Metal sector today looses most by 0.45% followed by FMCG sector which looses by 0.41%