Nifty ends above 7700 ahead of F&O expiry

LAST RECOMMENDATION UPDATE: GIVEN ON 29 MAR 2016:

TVSMOTOR IS ON FIREEEEEEEEEEEEEE!!!!!!!!!!!!

IN BULLISH MOMENTUM: HIT FIRST TGT 324 MADE HIGH OF 325.80

LOT SIZE: 2000

TOTAL  PROFIT: 19200 IN JUST TWO LOT

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DAILY CHART FOR TVSMOTOR:

Indian Stock Market would open gap positive. SO Technically, Nifty and BankNifty has both entered into negative zone but Market would see sharp recovery during whole day. Now the trading has to be little tricky as both the indices has entered the positive zone .Market would not fall much in next 2 days until RBI Policy is declared and hence can even see some temporary positive reaction. The Sensex regained the 25,000-mark on the back of a rally in realty, metal, banking and capital goods sector stocks amid a firming trend overseas. Finally, Sensex ended with a gain of 438 points at 25,339. The  Sensex opened at 25,062, touched an intra-day high of 25,355 and low of 25,055.The Nifty closed with a gain of 138 points at 7,735. The Nifty opened at 7,651 hitting a high of 7,739 and low of 7,643. Vijay Mallya, chairman of the grounded Kingfisher Airlines, has submitted a repayment plan to the Supreme Court. He is ready to pay Rs 4,000 crore by September 2016 to the banks. If Indian Stock Market remained bearish before RBI Policy, then it would set the expectation down and in this case we would see sharp breakout after RBI Policy. But If Market remained bullish before RBI Policy then we would see a sharp downfall post RBI Policy as street expectations would be high. The Best strategy for traders is to buy at dips near support and sell at every positive movement near resistance. FIIs were again net buyers of Rs.513.45 crores whereas DIIs were net sellers of Rs.556.69 crores in last trading session.

NSE Nifty: (7740) The support for the Nifty is 7660-7630-7600 and the resistance to the up move is at 7750-7800-7850 levels.
TOP GAINERS: ICICI Bank, Tata Steel, Lupin, Tata Motors, Adani Ports, PNB and Vedanta 

TOP LOSERS: Zeel, M&M, HDFC, Bharti Airtel, Maruti Suzuki and HUL