Nifty

IPL fever on D-Street

Today i just felt i was watching highlights of RCB vs GL where Virat and AB De villiers scored incredible 248 in 15 overs as exactly same we scored 300+ points on Nifty in 2 sessions which was just so fascinating. 7700 was surely my support but frankly speaking i also didnt expect such a rapid recovery in just 2 sessions.  But coincidentally it has exactly closed near to my mentioned target 8100 yesterday. Though we were just short of 17 odd points to my target but we can say we almost reached there. Last two sessions rally have surely raised chances of profit booking in coming week but medium term traders should use this opportunity as adding some stocks to portfolio for activated target of 8450 as i mentioned yesterday. But two speed breaker targets on the way could be 8100/8265 while stop loss is 200 day average at 7810. So happy trading days ahead but stay hedged with 7700 PE June Nifty.

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