Nifty edged higher and hit fresh record high, with the market sentiment boosted by data showing that foreign FIIs made substantial purchase and it did not abate even on expiry.
Shorterm Term
Told you if we can stay above 6570 for two days we are heading towards 6700 and we are half way to the goal. We may have some aberrations and market can be choppy but we are very near to top. We may also have bigger top for that we need a big event which is due in next month. We made a 700 point one way move and how long is this going to be, no answer as of now.
India VIX is at 18.7 which is surprising despite one way move in market. Is some thing cooking, well it could be, but as of now my target is 6700 for upside and for downside below 6570 for few days we could go to 6500 and 6420. We are seeing new highs every day for Nifty major and new sector is coming in limelight.
Intraday Levels
As indicated by cues we may see positive opening and if it can trade above 6660 we could see 6675 and 6690 and below 6620 we could see 6605 and 6590.
Top pics for the day are Hero Motors, IDFC, Tata Comm, BhartiAirtel, L&THF,TechM, Zeel and Divis for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Term
Told you if we can stay above 6570 for two days we are heading towards 6700 and we are half way to the goal. We may have some aberrations and market can be choppy but we are very near to top. We may also have bigger top for that we need a big event which is due in next month. We made a 700 point one way move and how long is this going to be, no answer as of now.
India VIX is at 18.7 which is surprising despite one way move in market. Is some thing cooking, well it could be, but as of now my target is 6700 for upside and for downside below 6570 for few days we could go to 6500 and 6420. We are seeing new highs every day for Nifty major and new sector is coming in limelight.
Intraday Levels
As indicated by cues we may see positive opening and if it can trade above 6660 we could see 6675 and 6690 and below 6620 we could see 6605 and 6590.
Top pics for the day are Hero Motors, IDFC, Tata Comm, BhartiAirtel, L&THF,TechM, Zeel and Divis for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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