Nifty surged on speculation that NDA lead by BJP will be able to form the next government at the centre and that Narendra Modi will be the next Prime Minister of India after Lok Sabha elections which conclude early next week. he BJP in its Lok Sabha polls manifesto has promised
more business-friendly policies if the party comes to power after elections. FII Bought INR 1278.68 crs and DII Sold INR 75.30 crs.
Shorterm Term
Nifty made up what it has lost in last 10 days and made a huge rally and now heading towards final target of 7000+. I dont have any levels now as I think no technicals work now as we are in to major event elections results, but immediate level to watch is 6880 if it takes out we are going to see fresh move.
I told u many whole of last week as long as we dont close below 6650 we need not worry for short term. I am going to sell only below 6650, but not sure u will get chance to sell at this levels because if we move a see towards downside we are going big gap down and so we will not get chance for shorting.
Intraday Levels
We are going to see good opening of 25 points gapup and I would buy Nifty above 6880 if it trades for 10 mins for 6895 and 6910 and below 6850 for 10 mins we could see 6835 and 6820.
Top pics for the day are ICICIBank,Relinfra,SBIN,BHEL,AdaniEnt,CoalIndia,HDFCBank,BEML, Biocon and Divis Lab for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.
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