On 22October, Nifty fut have resistance at 6155 level, once it manages to cross and sustain above this level we can see it inching up to the levels of 6172-6190-6228 levels. However on inching to higher around 6172 levels bulls have to face some resistance as bears can come up and attack decisively to weaken bulls in intraday, so traders must stay cautious in this around that level. Bulls in order to retain the recent gains, must have to cross & sustain 6172 level, and if they re successful in doing so then once again bears will be butchered in masses. Contrary to this side, if bears are able to drag down the market from higher levels, then on downside Nifty fut have support at 6114 level, if this level is breached and sustained then lower levels of 6086-6072-6040 can be seen in markets. However breaking the last support of 6040, Nifty can see fresh selling pressure coming in. So Traders must not leverage positions at higher level. As we have told in our weekly view also, upside in current markets is limited and doors for downside movement can be opened any time. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom.
Nifty Levels
- Resistance -6155-6172-6190-6228
- Support -6114-6086-6072-6040
==================================
Intraday calls
- Rossell Tea abv 617 tgt-630-654-672
- LIC Housing abv 1344 tgt-1353-1368-1389+
- Eros Media abv 191 tgt-194-199-210+
- GNFC abv 127 tgt-129-130.5-133+
- Also watch Cravatex Ltd. , Bhushan Steel, OMDC, Unitech.
For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.
================================
For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com
Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.
Only accuracy here!!!!
For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303
No comments:
Post a Comment