Nifty edged higher but later gave up the gains, but again recovered later to make high of 7315 in volatile trade. FII were seen selling for third day but in less amount of INR 294.99 crs and DII Bought INR 203.07 crs.
Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.
Intraday Levels
We could see positive opening today as indicated by cues, but like most of the days we may giveup the gains later in the day. As nifty is seeing pressure at higher levels every day my strategy for the day is if Nifty has crossed 7310 and comes down sell it for 7295, 7280 with Nifty is good above 7300 for 7315 and 7330 and sell below if it trades for 15 mins 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.
Top pics for the day are TataElxi, Relcap, BataIndia, NTPC, TVSMotors, Zeel, BhartiAirtel, BajajAuto and Advanta for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
Shorterm Trend
Nifty is good as long as it is above 7000 and shorts can be take only below this level if Nifty trades for few days on the other side if Nifty reaches 7100 and takes support it is a good level to enter for 7300 with SL of 6950. My Target for next six months is 7800 to 8000 if we see some good decisions by new government. We have seen small pullback in IT and Pharma, but wont expect them to sustain at these levels and I feel they could go down down further.
Intraday Levels
We could see positive opening today as indicated by cues, but like most of the days we may giveup the gains later in the day. As nifty is seeing pressure at higher levels every day my strategy for the day is if Nifty has crossed 7310 and comes down sell it for 7295, 7280 with Nifty is good above 7300 for 7315 and 7330 and sell below if it trades for 15 mins 7250 for 7235 and 7220 and my plan B is sell at 7350 if it crosses and comes down for 7335 and 7320.
Top pics for the day are TataElxi, Relcap, BataIndia, NTPC, TVSMotors, Zeel, BhartiAirtel, BajajAuto and Advanta for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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