DAY PERFORMANCE:
Nifty has taken
support from 7800 level and done Pull-back Journey also, as we mentioned in
our morning note. Many people who follows only Technicals or News,
might have lost hope on day by observing morning peer markets, Friday
data and Media expectations on RIL. But who ever work out the Market,
with all round Influential Factors like Technicals, Data, Sentiment, Best Practice, News etc., together only can assess properly and can make
some money. Even though we take all measures, no one can claim 100%
sure on Market, as Market moves on Mob Psychology and Supply &
Demand (particularly day trading). That is reason all well wishers
suggest Stop Loss for every trade. As many news like Crude Price,
USD, Exit poll, today's CPI Data (expectation)& some Bank Results
are in favor of Indian Economy, Bank Nifty has given good support to
Market and closed with 224 pt plus. Even Sensex moved in the range of
350 pts. India Vix has touched recent high of 15.23.
DAY CALLS:
SHORTS:
WIPRO: SELL < 588 TRG 577 SL 596
LOW: 566 HIGH: 585.60
COALINDIA: SELL < 336 TRG 332/329 SL 340
LOW: 331.60 HIGH: 343 (FROM LOW IT STARTED JOURNEY TO SL LEVEL)
UBL: SELL < 703 TRG 694 SL 713
LOW: 696.40 HIGH 705 (EVEN STARTED WITH OPEN = HIGH NOT DONE FULL TRG)
We wish you happy trades for tomorrow.
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