Nifty this week pivot levels are 5408 sup 5507 pivot and 5663 res
21/2:- nifty sup at 5540 sl 5530 tgt 5645-5660-5690...
adani ent sl 399 tgt 430-480 and ekc sl 38 tgt 62/72 looks good for positional
22/2:- Nifty trend still in positive and dont try to change its trend,otherwise u will be trap.do only when nifty brks its any imp levels...till tht stay with trend.
Nifty sl 5575 for tgt 5645-5690 trend sup at 5537
buy orchid at 185/186 sl 181 tgt 193
buy jet with sl 342
buy havells with sl 545
23/2:- It was a (convincing) profit-booking day, particularly for banking sector after unabated up-move. This was needed and welcomed to improve the health of the market. Meanwhile, watch for the IT sector, which is likely to out-perform along with the heavy-weight (reliance).
For indices watch for the support at Weekly CP 5495 & Strategy A 5460 to remain positive. Anything below this will be a cause of concern for long, as losing these supports will encourage further selling pressure in terms of profit-booking.
Re-gaining & sustaining the nearest hurdle at 18290-5565 is essential to attract buying, watch it closely and trade accordingly. Overall (medium term) scenario to test / challenge 19100 / 5730 still remains intact.
21/2:- nifty sup at 5540 sl 5530 tgt 5645-5660-5690...
adani ent sl 399 tgt 430-480 and ekc sl 38 tgt 62/72 looks good for positional
22/2:- Nifty trend still in positive and dont try to change its trend,otherwise u will be trap.do only when nifty brks its any imp levels...till tht stay with trend.
Nifty sl 5575 for tgt 5645-5690 trend sup at 5537
buy orchid at 185/186 sl 181 tgt 193
buy jet with sl 342
buy havells with sl 545
23/2:- It was a (convincing) profit-booking day, particularly for banking sector after unabated up-move. This was needed and welcomed to improve the health of the market. Meanwhile, watch for the IT sector, which is likely to out-perform along with the heavy-weight (reliance).
For indices watch for the support at Weekly CP 5495 & Strategy A 5460 to remain positive. Anything below this will be a cause of concern for long, as losing these supports will encourage further selling pressure in terms of profit-booking.
Re-gaining & sustaining the nearest hurdle at 18290-5565 is essential to attract buying, watch it closely and trade accordingly. Overall (medium term) scenario to test / challenge 19100 / 5730 still remains intact.
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