The markets may open in red but find strong support near 4900 - the second session looks like a recovery time as markets may go into green. BankNifty (9395) continues to be weak but then again this may find strong support @ 8917 - long way :(
SBIN took support of its Feb 2010 low @ 1863 - the stock could see some strong sentimental buying during the later hours of the day.
Our projected High 1890 & Low 1835 - below that 1820
RIL - Stochastics and RSI show that the stock is losing steam quick and may take another beating today. CCI has now shown a sell signal for the stock.
Our projected High:815 & Low: 787
LT - The stock finds its next support @ 1609 - Definitely a sell for today !
Our projected High : 1658 & Low: 1610
Buy Nifty (Spot) above 4952 for targets of 4965 , 4985, 5003, 5020 SL - 4935
There stands a good chance of a recovery after the opening of the European Market !!
To all of you guys doing this - great job - Friday and mondays session was absolutely brilliant !!
ReplyDeleteSir,
ReplyDeleteI am an ardent follower of your site and find your tips very valuable - the SBIN and LT stocks very beautifully predicted and so was RIL - However when should one determine to cover the stocks if the low target dont meet - I was quite in a dilemma and finally had to cover LT at 1630. Also you had expected the markets to recover post Europe recovery and it turned out otherwise.
Please advice,
Thank you overall for the wonderful day
Khushboo
Khushboo, Thank you for appreciating our work. Yesterday we had expected the market to open in red but it happened otherwise. The Nifty levels are always posted so you can keep a track of how high the markets can go. Once it was up 80 points and that the markets are in a downtrend we had expected the higher targets to be achieved.
ReplyDeleteLT did not fall as the markets were falling and when you see such a situation it is always advisable to book decent profits.
Tomorrow is another day.
Hope you enjoy the techinical calls of todays session.
Happy Trading :)
TimesNifty