BUY SUNFLAG @ 26.50 TGT 28 & 29.70 SL – 25.80 (JACKPOT )
BUY GRAVITA ABOVE 550 TGT- 560 & 570 SL – 545
Nifty witnessed a good recovery but fallen in the end and closed on flat note.level wise, though Nifty has fallen after touching coveted 5300 level, yet its closing above vital 5250 level will infuse some buying momentum among the investors. Though there is no clear breakout on any of the side, yet for most of the time bulls were in command in today’s trade. This will augment bulls’ strength. Owing to weak maneuver in Large Cap, small cap and midcap, bears outnumbered the bulls, but with a reduced margin. In today’s session, Nifty though closed on flat note, yet it managed to close above the vital 9, 14, 50 & 100 day’s SMA placed at 5204,5167, 5022 & 5232. These levels may be the new supports in forthcoming sessions. In today’s session, VIX, the barometer of uncertainty, zoomed and closed at a little higher than average level of 24.89, indicating an average volatility in market in the forthcoming sessions. RSI (14) for the session was at 58.92 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness some range bound movements in forthcoming session amidst higher volatility.
Nifty level
R1-5295
R2-5330
S1-5255
S2-5221
BUY GRAVITA ABOVE 550 TGT- 560 & 570 SL – 545
Nifty witnessed a good recovery but fallen in the end and closed on flat note.level wise, though Nifty has fallen after touching coveted 5300 level, yet its closing above vital 5250 level will infuse some buying momentum among the investors. Though there is no clear breakout on any of the side, yet for most of the time bulls were in command in today’s trade. This will augment bulls’ strength. Owing to weak maneuver in Large Cap, small cap and midcap, bears outnumbered the bulls, but with a reduced margin. In today’s session, Nifty though closed on flat note, yet it managed to close above the vital 9, 14, 50 & 100 day’s SMA placed at 5204,5167, 5022 & 5232. These levels may be the new supports in forthcoming sessions. In today’s session, VIX, the barometer of uncertainty, zoomed and closed at a little higher than average level of 24.89, indicating an average volatility in market in the forthcoming sessions. RSI (14) for the session was at 58.92 levels and MACD closed above the signal line, thus combined together they are giving the signals that; market may continue to witness some range bound movements in forthcoming session amidst higher volatility.
Nifty level
R1-5295
R2-5330
S1-5255
S2-5221
