A very volatile but a trading friendly day it was. the high probability of the bounce was clearly told and discussed on previous day's post. Market just bounced off twice exactly from levels discussed (support was given @ 4825, low made 4824). But every bounce will be considered as correction as long it can not manage to go above 5080/85 and even 5180.Though short term traders who has been holding their shorts since 5080 is broken, can trail ahead their stop ahead to 4950 level. As it is indicating a short term reversal above that place.
Supports: Very very immediate is 4835, sustaining below that can be an early threat of a breakdown below 4810 zone. 4760-4730 will be the next target for nifty after the violation of the above said levels, where it'll attempt for another bounce back. But further violation can very bring 4640 in a whisker.
Resistances: 4910 and 4940 is big time important. later one can also be the s/l for short term shorts initiated. Above that Nifty can certainly add some more fuel to it's yesterday' bounce for the targets 4970/75-5040-5065/70.
Can be a range bound session before giving any valid buy/sell signal. So waiting patiently can be a prudent decision as the follow up move can be a larger one.
Resistances: 4910 and 4940 is big time important. later one can also be the s/l for short term shorts initiated. Above that Nifty can certainly add some more fuel to it's yesterday' bounce for the targets 4970/75-5040-5065/70.
Can be a range bound session before giving any valid buy/sell signal. So waiting patiently can be a prudent decision as the follow up move can be a larger one.
S means Srei Infra,Simmond Marshal and Sabero Organic.
All have come with great results and still going cheap.Aries Agro my old call has also come out with great results.Readers needs to follow and buy if found good......Buying and Selling decision is YOURS....I just point them....
Updates: Quippo Infra is getting merged with Srei Infra which will add value to shareholders and creditors.That is a great development that is taking place in Srei Infra.....
One more "S" has come out with excellent result which I have recomended.It is Surana Corp ltd which is in Jwellary Business.This is the 4th "S"....
Surana Corp has posted 14.78 cr NP against 3.21 cr last year same qr.Surana Corp has an eq of 21.86 cr.Do the math yourself....Np has gone up by 360% and sales up by 514%.
I know there are many readers who use to look at many things and when they look at my pick they gets puzzled because when I recomend there is nothing to say about.But then the story unfolds slowly......and that takes time....remember this always with my call......there cannot be instant appreciation....if that happens then it is your LUCK.........
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