TESTING TIMES ................ BE ALERT & SMART
Breach of 4300 OR 4225 is expected to Determine the Direction of the Trend
Nifty Futures immediately after opening tested the support level of 4225 forming the low at 4227. A consolidation band was seen in intraday and near the closing session, up-move was seen in Nifty Futures which was unable to close above the resistance level of 4300. The levels to watch at the current situation are 4300 for upward breakout with target of 4400 and 4225 for downward breakout with target of 4150 on closing basis. The breakout on either direction with higher trading volumes will have more validity.
Sensex continues to be sluggish with no major movement ....................We need to cross earlier highs and for that we need to gain strength in the ongoing consolidation ...Till we are not closing below 14300 i would give no heed to panic calls and sell calls......And above all there are particular stocks which are giving u good moves irrespective of the markets ....So seeing sensex negative or positive in the day should not decides ur stock picks simple.....
THE MARKETS ARE MOVING IN THE SAME DIRECTION AS WE EXPECTED.
Focus to shift from large cap stocks to small & mid caps stocks.
Use rallies to book profits in markets , stock specific activity to continue & use strict stop losses to your trades.
MKT CALL :
Sensex down by 200 points & nifty by 63 points.
nifty spot broke imp support 4240 , other imp support 4225 & 4200 , if not sustaining abv 4240 then expect dip in markets.
Pls remember our call few days back abt USE RALLIES TO BOOK PROFITS IN MARKETS & FOCUS TO SHIFT FROM LARGE CAPS TO SMALL & MID CAPS STOCKS & SEE NOW WHT IS HAPPENING IN MARKETS. EVEN THE HIGH RISK STOCKS LIKE SILVERLINE & PENTA WIL RUN BUT BEWARE OF ALL THIS AS THESE ALL R HIGH RISK COUNTERS.
STOCK SPECIFIC ACTIVITY TO CONTINUE BUT WHICH STOCK WILL OUTPERFORM FOR THAT JOIN US.
FOR SUBSCRIPTION DETAILS REFER TO LINK ON THE TOP RIGHT HAND SIDE OF THIS PAGE.
GOOD DAY AHEAD , HAPPY INVESTING.
