Nifty Watch:- Today Nifty opened at 5747 and touches its low at 5735. After that Nifty move up at 5923 and finally closed at 5921 with a gain of 176 points to its day open. Today nifty hold its support at 5780 and move fast towards its resistance level at 5950. On Friday a
breakout at 5950 may see a new high for the nifty.
Trend:- Nifty is trading above to its 50 and 200 days MA. The short term trend is up.
TA Insync (55-5) is in downtrend. It is moving down at 31.73.This suggest that Nifty may move
down also.
Level:- Looking for support at 5780. Resistance comes at 5950 which is very near.
Summary:- If market open cheerful on Friday then buy call options of index heavyweight stocks.
Suggestions are ICICI Bank, Strike price-1120 L&T, Strike price-1700 Infosys, Strike price-3300 TCS, Strike price-1200 A general rule-Focus mainly on bluechips and index stocks. Try to avoide buying midcaps and smallcaps.
No comments:
Post a Comment