Hello Readres
Nifty has seen major break out in downward trend from 5620 levels to 5420 levels these sharp fall is due to inflatinoary presure and bad news around the conner.
Nifty is finding it difficult to hold the levels above 5500 and if Nifty moves below 5416/17 levels you can see major downside on chart that could take nifty to new band in downside of 5200.
Today closing is curcial on Nifty as it has closed on 5416 level so Morining session will be important to hold nifty.
There could be a relife rally in Nifty as Major stock on indexed have corrected with out any major change in Fundamental. You can go long on Nifty above 5460 levels for a tgt of 5530 for 70 points on Nifty.
The stock which lools attarctive on these Nifty are Infra Sector which is in over sold zone so bounce back is possible.
If you are investor dont miss the these time as the rally of upside is still left. we are in multi deaced bull run a correction of 10-15% on Nifty will not have any impact. investor should get in these market in value stocks.
My view on Bank Nifty still is Negative as there will not be any relife in banking stocks you can go short on bank nifty.
Stocks that i like in thses market are:-
1. J P Associative for tgt of 90+
2. Titan Industry (Short ) for tgt 3462
3. RIL for tgt of 980
4. IBR Infra & IVRCL for long term bets
5. Shree Renuka Sugars for tgt of 100
6. Jain Irrigation for Tgt of 200+
My view on Nifty is beraish but these are good investment idea where you can make money.
Important Level to watch on Nifty :- Resistances 5527/5606/5633/5668
Dev Purohit
Nifty has seen major break out in downward trend from 5620 levels to 5420 levels these sharp fall is due to inflatinoary presure and bad news around the conner.
Nifty is finding it difficult to hold the levels above 5500 and if Nifty moves below 5416/17 levels you can see major downside on chart that could take nifty to new band in downside of 5200.
Today closing is curcial on Nifty as it has closed on 5416 level so Morining session will be important to hold nifty.
There could be a relife rally in Nifty as Major stock on indexed have corrected with out any major change in Fundamental. You can go long on Nifty above 5460 levels for a tgt of 5530 for 70 points on Nifty.
The stock which lools attarctive on these Nifty are Infra Sector which is in over sold zone so bounce back is possible.
If you are investor dont miss the these time as the rally of upside is still left. we are in multi deaced bull run a correction of 10-15% on Nifty will not have any impact. investor should get in these market in value stocks.
My view on Bank Nifty still is Negative as there will not be any relife in banking stocks you can go short on bank nifty.
Stocks that i like in thses market are:-
1. J P Associative for tgt of 90+
2. Titan Industry (Short ) for tgt 3462
3. RIL for tgt of 980
4. IBR Infra & IVRCL for long term bets
5. Shree Renuka Sugars for tgt of 100
6. Jain Irrigation for Tgt of 200+
My view on Nifty is beraish but these are good investment idea where you can make money.
Important Level to watch on Nifty :- Resistances 5527/5606/5633/5668
| Supports | 5417/5318/5297/5275 |
| Thanks & Regards |
Dev Purohit
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