NIFTY PERFORMANCE:
Orient Cement: Buy > 149 Trg 152 SL 147
Actual: Low: 143.05; High: 150.40 (Call initiated in late hours)
Traders try to find Reasons to Buy or Sell for Profits/Loss (bahaana), Investers looks/wait for Opportunity to Buy or Sell to make Only Profits. We wish you all the best.
With HSBC;s PMI positive data, Market saw one more high and off late started giving up the market, in line with Europe Market. But Nifty played (8545-8623) with in our radar range which he have aimed as 8530-8630 levels. Which Nifty Futures premium was not got adjusted on Friday, today Market taken an opportunity to get adjust around 10pts premium. Real time OI data indicate the Market is taking profit booking at higher levels. Accumulation of shorts in Bank Nifty indicate tomorrows' RBI action (statuesque). Today's' PMI and Fridays GDP numbers are better than expected and encouraging Oil Prices also support for maintaining of statuesque by RBI.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
Bharatforge: Sell < 967 Trg 955 SL 977
Actual: Low: 946; High: 970
Coal India: Buy > 353 Trg 360 SL 349
Actual: Low: 346.40; High: 355 (Hit SL in return journey)
Actual: Low: 143.05; High: 150.40 (Call initiated in late hours)
Traders try to find Reasons to Buy or Sell for Profits/Loss (bahaana), Investers looks/wait for Opportunity to Buy or Sell to make Only Profits. We wish you all the best.
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