Today our PREMIUM MEMBERS shorted Nifty at 4480 levels twice and minted massive gains In Nifty fut in intraday. Our SURESHOT calls of Hind oil exploration & Excel Info blasteddd to give massive gains in negative market also. Also our intraday calls of Nitin fire,Aventis pharma, made handsome gains in negative markets.
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On 11August, Nifty fut will face resistance at 4480 level, in order to maintain an uptrend it must cross this level and sustain above this level. Once it manages to sustain above this level, then we can expect higher levels of 4510-4545-4590. However, if bears attack again and try to take the charge, then Nifty fut can slide down to 4402-4380-4345 levels. On lower side 4345 can act as good support for Nifty, any close below this level can open doors for further downside sentiments and panic selling can come across the markets. Nifty range for the day will be 4350-4490.
We recommend all traders/investors not to leverage positions in current market, as volatility will be high in coming days also. Stay cautious with all trades and On lower side keep watch on 4345 level for all long positons and on upside 4490 level for all short positions.
Nifty levels
Resistance- 4455-4480-4510-4545-4590
Support - 4402-4380-4345-4315-4265
Intraday calls
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- Nucleus soft abv 94.5 tgt-96-97.3-99
- Tata Steel arnd 448 tgt-456-461-465
- Ganesha Housing abv 108 tgt-111-113-117
- EID Parry abv 333 tgt-340-346-360
- Also watch HOEC, Excel Info,Dhanus techno,Vishal info.
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