DAY PERFORMANCE:
Today Nifty started as we expected, but made journey to the resistance level of 8040. As Global Markets started with positive note and too in higher values, our also got more boosting and hold at high itself, without playing any volatile as we expected. As we informed the Nifty resistance 8060 stands good even for tomorrow. Once it sustained above 8060 only Nifty can try to hit 8120 levels. Interesting to note after taken double support by Nifty on 17th, daily it is opening with gap and closing at market highs (except yesterday). Today also same trend of opening gap up and closing market high happened.
STOCKS FOR DAY:
ONGC: SELL < 398 TRG 390 SL 403
ACTUAL: LOW: 389.05 HIGH :398
VIPIND: SELL < 116 TRG 114/112 SL 118
ACTUAL: LOW: 115.10, HIGH: 117.55
BHEL: BUY > 246 TRG 249/257 SL 237 (OPTIONS ARE BETTER)
ACTUAL: LOW: 246.60 HIGH: 257.30 (OPTIONS LOW: 5.00 HIGH:10.95)
We wish you happy trading for tomorrow. And like remind you that, the next 48 hrs, Options premium valuations will be highly fluctuate on hourly basis. Do prepare for Hero or Zero trades only.
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