Nifty surge is not stopping based on the expection of NDA lead government. Both Nifty and Sensex made life time highs.FII Bought INR 2026.23 crs and DII Sold INR 649.42 crs.
Shorterm Term
Nifty made one more huge rally and there seems to be no stopping, but we could see some correction at higher levels and people who are not in can look at a chance to enter at lower levels if you get may be at 7000 spot for 7300, but no shorts as it will be easiest way to commit suicide.
Please watch IT which is the ignored sector and my favourite sector for a good move. It has not participated in this huge rally. Yesterday we have seen breakout and for this to sustain they should break yesterdays high's for a good move and also this is on my logic as it will be a play to balance Nifty's as IT has good weightage in Nifty with five IT majors being part of it.
Intraday Levels
We are going to see another good opening. I would like to buy above 7145 for 7160 and 7175 and below 7100 for 7085 and 7070. My plan B is to sell below 7135 if it comes below from higher levels of 7145 and also buy at 7045 for 7060 and 7075.
Top pics for the day are Bank of Baroda, HCLTech, AdaniEnt, AuroPharma, Relinfra, ACC, Reliance, PNB and DRReddy for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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