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AXIS BANK FUT 1ST TARGET ACHIEVED A@ 808 BUYING CALL GIVEN FROM 804 BOOKED PROFIT OF 4800
ESCORTS FUT 1ST TARGET ACHIEVED @ 1853 BUYING CALL GIVEN FROM 1843 BOOKED PROFIT OF 5500
INFY FUT 1ST TARGET ACHIEVED @ 1745 BUYING CALL GIVEN FROM 1730 BOOKED PROFIT OF 8250
TATA MOTORS FUT BOTH TARGET ACHIEVED @ 501 /504 BUYING CALL GIVEN FROM 498 BOOKED PROFIT OF 25650
BUY INFY FUT 2 LOTS ABOVE 1730 TG 1745/1760 SL 1714
BUY ESCORTS FUT 2 LOTS ABOVE 1843 TG 1853/1863 SL 1832
BUY AXIS BANK FUT 2 LOTS ABOVE 804 TG 808/812 SL 799
BUY TATA MOTORS FUT 2 LOTS ABOVE 498 TG 501/504 SL 494
Markets ended marginally up in a highly
volatile trading session, taking a breather after the recent fall. The
benchmark again fell after a flat start, however major indexes bounced back to help the index regain its losses. In the end, the Nifty index closed around 17,266 points.In terms of sectors, a mixed picture was observed where real estate, capital goods, and industrials ended with losses, while metal and PSU banking indexes posted modest gains. In the broader markets, both
midcaps and small caps ended lower by 0.8% and 1.8%, respectively.Since the Union Budget, we've seen
a rollercoaster ride and the coming MPC meeting is likely to keep volatility
high. Additionally, global cues also don't look good, so participants should
continue to take a cautious stance and limit leverage position.
|
RESISTANCE |
R1 |
R2 |
R3 |
|
|
17357 |
17459 |
17715 |
|
SUPPORT |
S1 |
S2 |
S3 |
|
|
17101 |
16947 |
16691 |
SELL NIFTY FUT 2 LOTS BELOW 17250 TG 17170/17050
SL 17530
SELL BANKNFITY FUT 2 LOTS BELOW 37999 TARGET 37799/37549
SL 38349
During today's
session, the market started weak and selling was accentuated throughout, as the
market closed at the 17213.60 level with a loss of 302.70 points. The Bank
Nifty ended at 37995.45, a loss of 793.90 points.
Since the last three trading sessions, the Nifty has been trading with lower highs and lower lows, indicating weakness in the counter for the time being. Further, the index has broken
below the rising trend line and is trading below the middle band of Bollinger
bands, which suggests downside movement in the stock.
Stock markets were under pressure as strong US jobs data led to fears of
steeper than expected rate hikes by the Federal Reserve, resulting in a spike
in bond yields. Due to domestic inflation and global central bank policies tightening, there is a high likelihood that the market will remain volatile.
|
RESISTANCE |
R1 |
R2 |
R3 |
|
|
17455 |
17697 |
18104 |
|
SUPPORT |
S1 |
S2 |
S3 |
|
|
17048 |
16883 |
16476 |
15500/- PROFIT BOOKED IN CASH CALLS
LAURUSLAB CASH BOTH TARGET ACHIEVED 530/536 BUYING CALL GIVEN FROM 524 BOOKED PROFIT OF 9000 (1000 SHARES)
HINDALCO CASH TARGET ACHIEVED @ 531 BUYING CALL GIVEN FROM 525 BOOKED PROFIT OF 3000 (500 SHARES )
JSW STEEL CASH TARGET ACHIEVED @ 667 BUYING CALL GIVEN FROM 660 BOOKED PROFIT OF 3500 ( 500 SHARES )
FOR MORE LIVE MARKET CALLS WHATS APP ON 7772909587
BUY LAURUSLAB ABOVE 524 TG 530/536 SL 517
BUY HINDALCO ABOVE 525 TG 531/537 SL 518
BUY JSW STEEL ABOVE 660 TG 667/674 SL 652
