NIFTY DAY PERFORMANCE:
As we expected Nifty opened with Positive note and run upto 8350, but it started getting consolidate much before the resistance level of 8370.
Some times analysts may be feeling monotonous to say good news about Market. For example after 17th October, all most all days Nifty is opening with Gap up and closing higher than previous. In this situations, from media we will be listening many Targets like 30000 by March, 15 etc. Since, it is one way speech, many can't question about its authentication and also cant' digest this kind of numbers and try to re-check the possibilities. Very few analysts only gives much reliable dependable and reliable projections. We have to identify and select them to depend some extend. To share my own experience: some time back I come across one Commodity Adviser in TV channel, who is giving buying and selling advises, who do not have any Relative Qualification and Exposure to this field. Generally Commodity prices commands by International Events and Supply vs. Demands. But as much I know he do not have that kind of experience or exposure except working as Dealer in one of the Brokers' House.
Fortunately, today I come across one of the impressive situation in Media when there is a question about NBCC. TV analyst (who is very good analyst and adviser) could not say anything negative about NBCC and same time he could not recommend to continue the buying, since it is Over Run Stock. Just he advised to book profits who can't effort or wait with trailing SL. We request you all to show this kind of empathy with out giving /passing random or vague targets.
STOCKS FOR DAY:
IBULLSHSGFIN: BUY > 415 TRG 426 SL 406
ACTUAL: LOW: 420 HIGH: 454.50
NBCC: BUY > 823 TRG 869 SL 798
ACTUAL: LOW: 824.70 HIGH: 892
HINDALCO: BUY > 162 TRG 165.50 SL 160
ACTUAL: LOW: 160.75 HIGH: 165.90
RAYMONDS: SELL < 464 TRG 457/452 SL 470
ACTUAL: LOW: 459.60 HIGH: 468
We wish you all happy Trading which arising with gap ups.
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