Hello Readers/Visitors,Today was a great day for bulls, markets were highly volatile since morning then tested our break out zone of spot nifty 2650 but then gave up in after noon.
Intra day Nifty took support at 2550 lvls but our support was 2525 & again bounced sharply in the late afternoon trade, crossed 2650 lvls with volumes & made high of 2718 on intra day basis.
Nifty managed to averaged out close at 2693 lvls keeping both Nifty Nov futures & Nifty Dec futures at high premiums. Some short covering seen too & also markets are waiting for some announcements from Govt / RBI on Rate cuts.
2 Days back charts updated which indicated some bullish patterns but asked to wait for few days for clear signals. Early morning we have updated to sms members abt this buy lvls. You can check the same on this website www.smsgupshup.com/groups/ALLIESFIN
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Today again we entered RELIANCE INDUSTRIES abv 1090 lvls as positional call with stop loss 1060 for target 1200-1250, in intraday only it made high of Rs 1158, refer charts in our previous posts on this web.
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Good day, HAPPY TRADING & INVESTING........
Regards,
Allies Financial Services
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