RECAP
Nifty did not trigger any trading level yesterday. DLF tirggered short level and moved down 2% with promise of more to come.
Nifty Outlook
Nifty future looks all set to conquer 5281 and 5305 today. 5220-5210 will act as strong support for nifty future.
However if nifty future breaks below 5195, it will become very weak and duly fall to 5170, 5150 and 5120.
A small trading idea - AMAR remedies
Look at amar remedies chart. It is the perfect example of a continuation pattern.
So AMAR can be bought at around 54rs with stop below recent low at 51 for target for 65.
Note that this would be a swing trade.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
1 comment:
Nice pick with Amar remedies. Made a cool 10%. Gusshow.
You should give more stock recommendations in the future
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