As predicted in the early trades Reliance gave a good upmove and it helped NIFTY to form a good level in the upside. As expected SBI was in a sell and it was not giving any momentum on the upside ...u can exit bank stocks on the rise and move to some inexpensive sectors where your risk reward ratio would be better.
We expect NIFTY to get locked in the upside range of 5533 - 5550
NIFTY s still looking positive ..but i would be surprised if it crosses 5580 levels before t futures expiry...traders can initiate short positions for intra day....one more good thing that happened is s the short term support levels have been shifted to 5420 -5440 levels from 5350 levels....As per yesterdays post u might have earned Rs. 40- 50 profits in JSW steel...
ReplyDeleteBuy Reliance on dips with a medium term view
"But always remember...book ur profits and exit as soon as possible'' it has become a traders mkt ...and investors wait 4 t next correction to buy for a medium term
JK lakshmi cement hit an intra day high of 64.15!!!!moving as per t predictions
ReplyDeleteJSW steel has shown good momentum in t early trades....as expected NIFTY s lockd up n tht range