The NIFTY opened the session with a gap down on the back of extremely negative cues from its global peers. The NIFTY plunged to an intraday low of 5522 levels during the early hours of the day’s trade. But the NIFTY gradually recovered from its day’s low as the session progressed. The NIFTY finally closed the session at the 5550 levels with cut of 41.65 points.
As we had been pointing out in our previous few daily trading notes the NIFTY pulled back from the 5600 levels during yesterday’s session. Sustenance below the 5600 levels will see the NIFTY pullback further towards the 5500—5450 levels. But, the 5400 to 5600 levels are likely to remain the broad trading range for the NIFTY over the upcoming few sessions of trade. The near term moving average placed at the 5500 levels will act as good near term support for the NIFTY, whereas the 5600—5630 zone will act as stiff resistance for the NIFTY.
We booked part profits on our long call given on ITC Ltd @ 196.70 levels. (Initiated @192.30 levels). The
recommendation has already fetched a smart gain of `8800/- per lot to the subscribers of our product Trading calls section.
We continue to hold our long positions for targets of `202 levels.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
We booked full profits on our Intraday long call given on SAIL Ltd @ 148.95 levels. (Initiated @ 146 levels). The recommendation fetched a smart intraday profit of `2950/- per lot to the subscribers of our product Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday Trading strategies.
As we had been pointing out in our previous few daily trading notes the NIFTY pulled back from the 5600 levels during yesterday’s session. Sustenance below the 5600 levels will see the NIFTY pullback further towards the 5500—5450 levels. But, the 5400 to 5600 levels are likely to remain the broad trading range for the NIFTY over the upcoming few sessions of trade. The near term moving average placed at the 5500 levels will act as good near term support for the NIFTY, whereas the 5600—5630 zone will act as stiff resistance for the NIFTY.
We booked part profits on our long call given on ITC Ltd @ 196.70 levels. (Initiated @192.30 levels). The
recommendation has already fetched a smart gain of `8800/- per lot to the subscribers of our product Trading calls section.
We continue to hold our long positions for targets of `202 levels.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
We booked full profits on our Intraday long call given on SAIL Ltd @ 148.95 levels. (Initiated @ 146 levels). The recommendation fetched a smart intraday profit of `2950/- per lot to the subscribers of our product Intraday calls section.
We recommend subscribing to our product Intraday Calls section to avail such profitable Intraday Trading strategies.
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