Monday, 2 June 2014

Broader outlook and stocks for June 2nd, 2014

Nifty is choppy and has been consolidating at these levels since some time and will continue to do. FII were buyers and were aggresive after a week or so and brought INR 2277.62 crs and DII Sold INR 458.15 crs

Shorterm Trend
Nifty is good as long as it is above 7260 and shorts can be take only below this level if Nifty trades for few days on the other side for 7150 adn 7100 if Nifty crosses 7350 and takes support we can look for 7500. After long time we got great chance to short banknifty which is looking very weak for levels of 14550 and 14350 from current levels keep SL of 14950.

Intraday Levels
Nifty is weak below 7200 if trades for 10 mins for 7185 and 7170 and buy only above 7255 for 10 mins for 7270 and 7285 and plan B is if we get a chance of going to 7190 levels and goes above 7200 and other side if Nifty comes below 7255 from 7265 levels for 7240 and 7225.

Top pics for the day are AdaniPort, TechM, AuroPharma, NTPC,LT, PFC, BankIndia, BankofBaroda, TataChem for Buy/Sell and correct levels contact vijaykumarrao.invest@gmail.com.

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