Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were sellers for second day but it is very minute at INR 286.54 crs and DII Sold INR 33.40 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.
IT is looking good and can be bought for future as valuations are looking good, except Infy. I find great value in it at 2700 - 2800 levels in it even though it is in bad new offlate because of exit of top management. Pharma is looking to give a break and I am sure in series you will see pharma doing well.
Intraday Levels
I have to plans, plan A is Buy Nifty above 7345 for 7360 and Sell below 7306 for 7290 and Plan B is if nifty is not able to sustain above 7340 for more than 10 mins and comes below this level, I would sell for 7325 and we would buy above 7310 for 7325 if Nifty is not able to sustain below 7306 for more than 10 minutes.
Top pics for the day are HCLtech, Ultracemco, HDFCBank, RCOM, DrReddy, OrientBank, CoalIndia,Infy,Zeel,HindPetro and SunPharma 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.
IT is looking good and can be bought for future as valuations are looking good, except Infy. I find great value in it at 2700 - 2800 levels in it even though it is in bad new offlate because of exit of top management. Pharma is looking to give a break and I am sure in series you will see pharma doing well.
Intraday Levels
I have to plans, plan A is Buy Nifty above 7345 for 7360 and Sell below 7306 for 7290 and Plan B is if nifty is not able to sustain above 7340 for more than 10 mins and comes below this level, I would sell for 7325 and we would buy above 7310 for 7325 if Nifty is not able to sustain below 7306 for more than 10 minutes.
Top pics for the day are HCLtech, Ultracemco, HDFCBank, RCOM, DrReddy, OrientBank, CoalIndia,Infy,Zeel,HindPetro and SunPharma for Buy/Sell and correct levels contact
vijaykumarrao.invest@gmail.com.
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