DAY PERFORMANCE:
STOCKS TO TRADE : (MOMENTUM TRADES)
PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)
WE WISH YOU ALL HAPPY DIWALI & MORE PROFITABLE (MORE THAN 27% OF PRESENT YEAR) YEARS AHEAD TO COME.
Nifty has opened positive and got resistance at almost the level we expected 8000 level (8005). But after its opening, Nifty done its journey till the resistance and level and became range bound. Most of the Day it has run in 30 pts range before it closing with 68 pts gain. But Nifty closing near 8000 (7996) is good sign for market. Bank Nifty also seen consolidation after 3 continuous day journey with new highs. Today we saw some pick up from mid cap value based stocks from almost all indices. But from infra sector PSU based stocks have been bought.
By expecting profit booking from market highs, we could not give calls based on technical value, and asked to go for momentum trades. As we expected, most the following stocks have started giving up its gains from 11 am onwards.
PFC, BHEL, PTC, RELINFRA, FINTECH, (LONGS)
INFY. (SHORT)
WE WISH YOU ALL HAPPY DIWALI & MORE PROFITABLE (MORE THAN 27% OF PRESENT YEAR) YEARS AHEAD TO COME.
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