The NIFTY opened the session with nominal gains and traded on a very stable note throughout the day’s trade. The NIFTY spent the majority of the day’s trade within a narrow range of 5560—5590 levels. The NIFTY finally closed the session at the 5,592 levels with smart gains of 32 points.
The NIFTY has rallied close to 265 points from the lows of 5328 levels to 5592 levels over the past few sessions of trade. This smart up move has helped the index register a close above its key medium term moving average. We reiterate that the 5600--5630 levels is a key resistance for the NIFTY on the upside and further upsides from current levels can be seen only if the NIFTY closes above the 5630 levels for a few sessions.
Pullbacks from current levels will find support between the 5550 to 5480 levels.
We booked full profits on our long call given on S.kumar Ltd @ 68.80 levels. (Initiated @ 64 levels). The recommendation fetched a fabulous gain of Rs19200/- 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.
We booked full profits on our long call given on 3i InfoTech Ltd @ 47.10 levels. (Initiated @ 44.80 levels). The recommendation fetched a smart profit of Rs 9200/- 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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