MARKET UPDATE

MARKETS UPDATES

MARKETS UPDATES 

NIFTY UPDATE

The concluding session of the week began with a mild negative bias as highlighted by the SGX Nifty. Similar to its previous trading session, nifty witnessed decent sell-off and broke the pivot support of 11855. Subsequently, index made a valiant attempt to rebound however sharp sell-off during the fag end of the session drag index tad below the 11800 mark. In the process, nifty ended the session near the lowest point of the day and lost 0.76%. Looking at the daily chart, the 9-SMA resisted index to rally higher. At this juncture, the recent swing low of 11769.50 will act as an immediate support below which the next support seen at 11700 – 11615 levels respectively. Higher side, 11880 – 11925 are near term hurdles.

Name                            Entry                                   Target                                 Stop loss
 BEL                      Buy Above 111.60                     113- 116                                  110
KOTAKBANK     Sell Around 1477                      1450-1436                              1492
BRITANNIA        Sell At cmp 2964.10                  2900-2860                              3015 

NIFTY VIEW:>>>>>>>>>>>>>>>>>>>>>>>>

NIFTY UPDATE >>>>>>>>>>>>>>>>>>>>>>>>>21 SEPT. 2018

NIFTY VIEW >>>>>>>>>>>>>>>>

Trading for the week began with a marginally higher opening and bulls showed it dominance throughout the session. In the process, nifty registered another record closing high above 11300 mark and gained 0.37%. During the day, nifty lost some of its early morning gains however nifty reversed after testing the hourly 9-EMA. At this juncture, the overall trend is undoubtedly bullish however building long position at current level will not fetch good risk reward hence we advocate traders to concentrate on stock specific trades. For the day, 11350 – 11385 are intraday resistance whereas 11285 – 11250 are immediate support.

 

HEAD AND SHOULDER PATTERN IN INTRADAY CHART BROKEN NECK LEVEL AND GOING SLOWLY DOWN SIDE !!!

ONCE BREAK 1400 THEN THERE WILL BE DOWN SIDE GAP MAY OPEN  WAIT AND WATCH 

IRB UPDATE >>>>>>>>>>>>>>>>CMP 199.40

IRB CALL GIVEN AT 181 CMP 199.40 LOT SIZE IS 2500 

2500*18.40 = 46000 PROFIT PER LOT 

ALSO GIVEN IRB CE OF 200 AT 3.5 TO  NOW 5.25 5000 APX PROFIT FOR SMALL TRDADERS

MORE INFO : CALL 9594666822