Nifty

#42 Nifty Update

NIFTY ‘s move was a unexpected one but a superb recovery. NIFTY closed almost 100 points up at 5729 to break out all resistance level. Now, 5750 is the biggest hurdle for the market which is a Fibonacci retrenchment level of last one year. SBI is coming up with the FPO of rs.20000cr in near …

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Nifty

#41 Nifty Update

NIFTY was as boring as a circus is for us now. NIFTY opened flat and made a high of 5651 and low around 5610 which was its range today for the market. Intraday players have no major play since last few session as market is consolidating in narrow range. But we have witnessed stock specific …

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Nifty

#40 Nifty Update

NIFTY today opened flat but then showed some profit booking in all scripts with market staying in red all the time. NIFTY closed at 5632 which was above a strong support of 5600. Market is yet not able to decide the its road ahead. Nothing fundamental in the domestic region to move market on the …

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Nifty

#39 Nifty Update

NIFTY was just left by 3 points to confirm a down trend as did Indian Team was left by just 3 wickets to win the series over West Indies. NIFTY opened on a gap and made a high of 5679 and then filled the gap with a low of 5633. NIFTY close again marginally up …

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Stocks

#13 Stock Update: Weekly Picks 4th July to 8th July

STOCKS CMP TARGETS STOP LOSS REMARKS Biocon 363.65 370/377/390 348 I recommend to Buy stock on dips and hold for 2-3 weeks. Close was seen over 200 DEMA and a channel was confirmed last week. DLF 220.30 225/229/237 212 Tweezers bottom was seen on weekly chart with High volumes. Close was above all the moving …

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Nifty

#38 Nifty Update

NIFTY opened at the level which was the target by rumors i.e, 5710 level which i mentioned in my reports last week. NIFTY was able to close above 5600 for second consecutive day which is a positive sign. Now Monday’s close will be a crucial point. If the market closes below 5600 then we could …

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Nifty

#37 Nifty Update

NIFTY was a boomerang today with a volatile session but at the end it gave a end above the crucial breakout of 5600 at 5647. NIFTY has to close above 5600 level one more day to confirm the false formation of inverted head and shoulder. Next resistance level is 5720-5750 which a Fibonacci retrenchment level …

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Nifty

#36 Nifty Update

NIFTY is acting as a JUMPER since last 5 trading sessions with recovery of almost 300 points which is good for us. Market closed at a very crucial point i.e., 5600 level which is a most important level for breakout. Technically speaking today market opened with a Gap of 8 points which is significant. if …

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Nifty

#35 Nifty Update

Today the fight was between rumors and technicals. Rumors were strong at the start with the high of around 5557 while technicals were indicating a down trend and market made low of around 5496 from thehigh. But at the end rumors were slightly strong and ended up with 18 points up. NIFTY is facing two …

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