WHEN WE ARE UP OTHERS ARE UP TOO
THIS IS AN UNKIND OF THING HAPPENED WHEN YESTERDAY OTHERS GLOBAL MARKETS WERE DOWN & INDIAN MARKETS WERE UP. TAKING CUE FROM INDIAN MARKETS YESTERDAY ALL OTHER GLOBAL MARKETS BOUNCED BACK & ENDED IN +VE TERRITORY.
TODAY TO MARKETS TO OPEN FIRM & CAN BE A VOLATILE SESSION ON ACCOUNT OF f & O EXPIRY.
NIFTY VIEW :
CLOSE : 4359
SUPPORTS : 4340 , 4300
RESISTANCES : 4385 , 4410
STOCKS TO WATCH OUT ARE
RELIANCE PACK
ENGG STOCKS
BANKING STOCKS
I KNOW THIS WE ARE RECOMENDING FROM THE LAST MANY DAYS BUT THESE ARE THE ONLY STOCKS WHICH HAVE JUST RAN UP BY MORE THEN 10 % IN THE LAST FEW TRADING SESSIONS.
FROM THE LAST FEW TRADING SESSIONS WE ARE WATCHING THAT THIS IS CLEAR CUT SHORT COVERING & ROLLOVER HAPPENING IN FUTURE.
WE WOULD LIKE TO ADVISE OUR READERS ITS BETTER TO BOOK PROFITS AROUND 15500 - 15600 LVLS BY USING THESE RALLIES.
THERE ARE TWO STAGES IN MARKETS ONE IS THE ACCUMULATION STAGE WHERE WE USE CORRECTION TO BUY & HOLD & ONE IS THE DISTRIBUTION STAGE WHERE WE USE RALLIES TO BOOK PROFITS & THIS IS THE RALLY WHERE WE FEEL THAT THIS IS NOT ACCUMULATION STAGE , THIS IS DISTRIBUTION STAGE.
GOOD DAY, HAPPY INVESTING
