INDEX

SO, FINALLY TODAY AFTAR 18 DAYS WE COVER OUR NIFTY POSITION WITH A PROFIT OF 200 POINTS. 

NOW AS VEIWED IN THE TECHNICAL CHARTS OF IMPORTANT PARTICIPANTS IN NIFTY i.e. PHARMA & IT WHICH IS NOW AT VERY IMPORTANT LEVELS, SUCH AS :-

PHARMA ------- 10745 IMPORTANT RESISTANCE(according to weekly closing)
IT ----------10622 IMPORTANT RESISTANCE (according to weekly closing)

SO HOLDING OF BOTH OF THESE SECTORS ABOVE THESE MENTIONED POINTS WILL LEADS NIFTY TO MOVE UPWARDS & ALSO AS IN PREVIOUS CALL (posted on 3 feb.) THAT AFTAR 8920 NIFTY'S RESISTANCE 8970 WHICH IS MAIN POINT OF DISCUSSION BECAUSE HOLDING ABOVE THIS LEVEL WILL LEADS UPTO 9100....BUT FOR THIS MOVE NIFTY NEEDS A INVOLVEMENT OF IT & PHARMA WHICH IS ONLY ABOVE THESE LEVELS(mentioned above).

SO, AS TO BE ON SAFE SIDE JUST WAIT FOR THESE LEVELS & THEN ENTERS BECAUSE IF NIFTY WON'T HOLD 8970 THEN DOWNWARD MOVE WILL BE SEEN UPTO 200 POINTS & MORE.

INDEX

BOOKED NIFTY @8920!!!!!! WE HOLD OUR POSITION FROM 8720 FOR 200 POINTS. ROCKING 200 POINTS EARN ON 1LOT. SO CLOSING THE BOOKS OF FEB. 2017. WISH YOU A VERY HAPPY ELECTION DAY #BMC #HOLIDAY

INDEX

UPDATE:- (for the call running in nifty) NIFTY's IMPORTANT SUPPORT @8855 BELOW WHICH IT TENDS TOWARDS 8814 & MORE DOWNWARD LEVEL. SO IF TODAY CLOSES BELOW 8855 THEN WE WILL EXIT FROM OUR BUYING POSITION.

NIFTY

AS OUR CALL OF BUYING NIFTY RUNNING FROM 8730(provided on the blog on 3 feb. 2017) OUR 1st TARGET IS 8920 & AFTER THAT WE WILL SEE THAT NIFTY BREAK 8970 OR NOT? 

NIFTY

NIFTY VEIW

As after the budget nifty rally from a low of 8537.80 of this week to 8756.40 on 2 feb. 2017 this clearly indicates that nifty taking a support of 8550 which now act as major hurdle for sellers. But as nifty made a high of 8968.70 in september 2016 & then made a low of 7916.40 in november 2016 which clearly indicates that 8970 act as a important resistance level for nifty.

Recommendation:- For short term period buy nifty in between 8670-8730 with a stop loss of closing below 8555 for the target of 8920. & then wait for the level of 8970 if that cross we will see more upside otherwise a fall will be expected.