The NIFTY opened the session with smart gains and the index continuously built on to the early morning gains as the session progressed. Strong gains amongst heavyweight index stocks like DLF, ACC, HDFC Bank, ITC and Hindalco propelled the NIFTY to an intraday high of 5571.60 levels.
The NIFTY finally closed the session at the 5,560.15 levels with a strong gain of 87 points. The strong up move witnessed during yesterday’s session has helped the NIFTY register a close above it short term and medium term moving averages. But, we would like to point out that the index still has stiff resistance on the
upside between the 5600—5650 levels as the index has corrected from these levels on previous occasions. Thus failure to cross the above mentioned resistance levels could see the NIFTY pullback towards the 5500—5475 levels.
The 5450—5500 levels will act as strong support for the NIFTY on the downside.
We booked full profits on our long call given on Patel Eng Ltd @ 148 levels. (Initiated @ 138.50 levels). The
recommendation fetched a fabulous gain of Rs 9500/- to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
We booked full profits on our long call given on DCB Ltd @ 60 levels. (Initiated @ 56.45 levels). The recommendation fetched a smart profit of Rs 14200/- per lot to the subscribers of our product Trading calls section.
We recommend subscribing to our product Trading Calls section to avail such profitable Equity Trading calls.
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