Nifty edged higher for the third trading session in a row and reached highest closing level of 6200 since one month which is 13 point above previous days close. FII Bought INR 423.41 crs and DII Sold INR 289.12 crs
Shorterm Trend
Nifty stayed above 6180 and seems heading towards 6220, it almost all met its second target, but missed it by a whisker and for me, the important point is that we have closed above the 50-day moving average which is 6180. below 6140 we could see 6100 and 6040. On the higher side there is strong chance for Nifty to reach 6240 which is strong resistance area, but the way things are panning we could touch 6140 before touching 6240.
Intraday Levels
As indicated by cues we could open flat and if Nifty can trade above 6215 for 10 minutes we could see 6230 and 6240 and on the lower side below 6185 for 10 minutes we could see 6170 and 6155.
Top pics for the day are Auro Pharma, Tata Steel Bharti Airtel, Lic Hsg, Coal India, BPCL and JSWSteel for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
I expect commodities to gain strength and suggest to buy in them based on levels in live market and my above outlook is only based on broader trend based on previous days data.
Pivot Levels
Shorterm Trend
Nifty stayed above 6180 and seems heading towards 6220, it almost all met its second target, but missed it by a whisker and for me, the important point is that we have closed above the 50-day moving average which is 6180. below 6140 we could see 6100 and 6040. On the higher side there is strong chance for Nifty to reach 6240 which is strong resistance area, but the way things are panning we could touch 6140 before touching 6240.
Intraday Levels
As indicated by cues we could open flat and if Nifty can trade above 6215 for 10 minutes we could see 6230 and 6240 and on the lower side below 6185 for 10 minutes we could see 6170 and 6155.
Top pics for the day are Auro Pharma, Tata Steel Bharti Airtel, Lic Hsg, Coal India, BPCL and JSWSteel for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Commodity Levels
I expect commodities to gain strength and suggest to buy in them based on levels in live market and my above outlook is only based on broader trend based on previous days data.
Pivot Levels
No comments:
Post a Comment