BUY TATASTEEL ABOVE 500 TGT 505/510 SL 492
Nifty closes at record high, still 10 pts away from
lifetime high
After a gap up open at 9,156, the Nifty futures contract marked an intra-day high at 9,181 levels. Technically, Indian Stock Market is still in
positive zone. All major events like UP Polls and US FED Interest Rate hike
have been finished which will now remove uncertainty from the markets and
Indian Stock Market would head towards new highs. Indian Stock Market would
move positive and traders should hold long positions or go long at every dip in
the market. Nifty would see targets of 9180-9220-9300, soon. Investors can go
long in blue-chip companies and Banking sector. Overall, market is positive and
all trades should be in long side.On the other hand, Fresh short positions are recommended with a fixed stop-loss only if the contract declines below 9,145 levels.
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