Thursday, 9 March 2017

YESTERDAY’S RECOMMENDATION UPDATE:

SRTRANSFIN  MADE HIGH OF 971.85

BUY GIVEN AT 960
LOT SIZE: 600
NOW TOTAL PROFIT: 14220 IN JUST 2 LOT
AND YOU CAN HOLD FOR MORE PROFIT TILL TGT 980

MARKET EYING EXIT POLL RESULTS; NIFTY CLOSES ABOVE  8950
Sensex was trading at 28,915, up 13 points, while Nifty was ruling at 8,956, up 4 points.Technically,Nifty  is getting support around 8,900. Technically nifty is retaining its 8,870-9,020 sideways range for more than a week now. A breakout on either side of this range will decide the next move for it.
Traders can stay out of the market until the breakout happens. Within the range, the contract is currently moving higher from the lower end of the range. So there is a strong likelihood of the contract rising to 9,000 in the coming sessions. A reversal from 9,000 or 9,020 will keep the sideways range intact. But a strong break above 9,020 will boost the bullish momentum. Such a break can take the contract to 9,050 or even higher levels. Nifty will come under pressure only if it declines below 8,870 decisively. Such a break can drag it to 8,850 and 8,830 thereafter.

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