MAKE OR BREAK AT NIFTY 4140 ................
Nifty at 4140 is at make or break situation. Nifty is in a perfect tradin range from 4140 & 4225. I would like to repeat again that market need to close abv 4225 for min 3 days for any trend reversal & fresh buying triggers. If not then we can atleast see minimum 5 % correction in nifty.
Stock specific activity to continue. Book profits & use rallies to exit markets for short term.
Book profits even in our contra IT sector calls like Infy , Satyam , Tcs, Wipro etc.
Fresh sell calls wil trigger once Nifty spot closes below 4140 lvls.
Stocks which look weak are Ril ( 1670 ) , Rel cap( 958 ) , Rpl ( 96 ) , Icici Bank( 902 ) , Sbi( 1340 ) , Bharti ( 810 ) Rcom ( 505 ) & many more.
Stock specific buy & sell calls along with Lvls for PCG ( Private Client Group ) only.
Good day ahead , Happy Investing.................
Market Commentry : -
Sensex down by 110 points at 13970 & nifty down by 36 points at 4110.
Nifty has psychological support at 4100 levels which we feel that it would be breached in short span of time.
All our morning short calls are Ril at 1670 , rel cap 950, rcom 490, rpl 94.5 , Icici bank 898, Sbi 1315, yesterdays punj llyod short call at 245 , cmp 233
Our clients are minting in shorts calls too.
Subscriptions still on ( for more details click on the top right hand side of this Webpage )
Good Day Ahead.................
Markets recovered in late sessions , front runners were Ril, Rel cap etc. All shorts were covered around 4100 which was good support. In this bounce we can see nifty coming upto 4180 & 4225 lvls. The markets recovered on account of short covering in frontliner stocks like infy, tisco , satyam , ril etc. Nifty future discount reduced from 30 pts to just 8 pts which indicates short coverning.
Stock specific activity continues.
A perfect trading markets, forget the fundamentals for sometime as high liquidity driving the markets. Buy at supports & sell at resistances.
Positional call : Buy Grindwell norton abv 140 tg 160-165 short term
Positional call : but Niit ltd abv 930 tg 1000 & 1025 And Niit Tech around 535 tg 580 - 590 short term.
