Good Evening,
It was a good close for our market today on the back of buying in many sectors, led by metal which was really strong in trade today. Other sectors which saw buying interest were oil & gas, realty and consumer durables. However, there was profit taking in IT which led to volatility in the last hour of the trading session. The market breadth was slightly negative. Top Nifty gainers were ABB, Sterlite Industries and Hindalco while losers included HDFC Bank, HUL and Suzlon Energy.
As mentioned earlier, Nifty was in Nutural zone from last week, a strong support has been formed at 5890-5920 levels till now and resistance lies around 6052-6080 which was not easy but still we have crossed today.
Now, we see Nifty in range bound till it crosses 6108-22 coming session, till than for this expiry we may aspect nifty to close around 6000 level. Today we told, Safe Traders dont enter in this market till our next confirmation.
Given Today STBT Trade :
SELL at 6052-58 with StopLoss 6099
1st Target 6030 2nd Target 6010
If breaks 6006 than 3rd Target 5994
:: Positional Trade Alert ::
New Short term Risky Sell Signal (TRIGGRED)
Sell around 6072-82 with SL 6108
Targets 5972-5944-5922
:: Remember Always ::
We suggest to keep at least 1% of its price as SL in All Equity Stocks.
All our levels mentioned are of Future Nifty not Spot Nifty.
All PreMarket and Live Trades are for Intraday Trading only.
Join angeltrade.vardhman@yahoo.com for Live Trades and BTST/STBT Trades
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...WISHING YOU A VERY HAPPY TRADING...
