Targets for 01-April-2015
Quick Outlook: Today markets opened with a positive note and managed to hold on to their gains till the last session, where there was huge profit booking mainly in the banking sector. Even during this huge selling certain sectors such as oil and pharma managed to hold out. It is necessary to see whether selling restarts in the market or whether Nifty can close above 8530 (100-Day Moving Avg.). Tracking the present momentum in the market Pharma and Oil may outperform where as Banking may under perform tomorrow.
Nifty Calls:
Nifty Calls:
Current Level: 8490
Buy: Resistance @ 8505
Buy Nifty above 8505, with a target of 8520-30-40, StopLoss: 8480
Sell: Support @ 8450
Sell Nifty below 8450, with a target of 8425-15-05, StopLoss: 8480
Buy: Resistance @ 8505
Buy Nifty above 8505, with a target of 8520-30-40, StopLoss: 8480
Sell: Support @ 8450
Sell Nifty below 8450, with a target of 8425-15-05, StopLoss: 8480
Buy Nifty above 8505, with a target of 8520-30-40, StopLoss: 8480
Sell: Support @ 8450
Sell Nifty below 8450, with a target of 8425-15-05, StopLoss: 8480
Stock Calls:
Sell Bank Of India Below 195
Current Market Price:195.8
Target: 193.8-92.5-91
Stop Loss: 196.5
(Note: When a stock or nifty crosses above or below the given levels, make sure that the successive candle also follows the same trend)
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