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Tuesday, May 12, 2015

nifty watch 13.5.15

Strong  resistance for  nifty is 8447. nifty has to break this level for maintaining its positive trend. strong support for nifty is 7985 and below is 7845-7630. Below which nifty may move to -ve zone.

Buy Bank of Baroda at 145-140 levels partially and balance on 125-120 with SL below 100 for long term

Thursday, May 07, 2015

Market Today

I  don't think, as many said, the Indian bull market is over.  But it is definitely not the time for a buy. My advice that please be patient and wait and buy at lower levels. In my view the perfect level for a buy will be 7800 - 7600 levels.
The perfect sector for buy then will be Banking.
Now the market the market is in a weak zone. But a recovery rally can't be ruled out. The overall market condition is positive and you can accumulate in lower levels.
Happy trading

Monday, May 04, 2015

nifty this week

If nifty can sustain above 8190 for next 2 days & close above 8272 may lead to a relief rally up to 8450-8550. A close below 8125 may guide nifty to 8080-7960-7750. The bullish trend may intact if nifty can survive above 7960. A correction up to 7630 can not be ruled out.