WEEKLY TRADE IDEA ON ARVIND FUTURE

“BUY ARVIND ABOVE 360 TGT 370/380”

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Trend of the ARVIND is Bullish and It is expected to continue the uptrend with the crossing of the resistance level of 360, as the stock is sustaining below its 200 ,55 days moving averages. as the stock is sustaining above its 22 & 55 days moving averages. with the RSI of 50.  it is likely to show fresh buying with the crossing of the resistance mark of 360 in it for the targets of 370/380 and with the stop loss of 345.

Nifty end on positive note, set 1 month closing record high

The Sensex ended with a gain of 53 points at 26747. The benchmark indices opened at 26787, touched an intra-day high of 26803 and low of 26707. The  Nifty gained 15 points and closed at 8,261. It opened at 8,271.points, hitting a high of 8,274 and low of 8,241. Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today’s session. Also, the traders were in cautious mode ahead of the US Federal Reserve's Monetary Policy meeting. The industry is hoping that there will be a rate hike by the US Fed in the coming week. Technically, On the weekly basis, it formed a strong bullish candle which is giving stability and restricted downside decline in the market. It has to continue to hold above 8,250 zones to witness an up move towards 8,335-8,350 levels.