|
Nifty
Analysis for 27 April
Yesterday was classic example how
up-trend rallies deceive short sellers. As I had mentioned in my weekly
newsletter, it is difficult to trade corrections when in uptrend.
Well, if you would have created
longs on breakout beyond 7910 as mentioned yesterday, its time to book the
profit.
Expect markets to trade choppy due
to expiry today. Some profit booking on yesterday’s longs can come. Wait
patiently don’t trade unless markets move beyond 7978.
An alternative trade can be to buy
near support at 7938. Check the chart enclosed.
Nifty 15 min Chart
 |
Free
Webinar
on Stock Market Investment Strategies
Free Webinar on Stock Market Investment Strategies. Learn to pick multi-bagger stocks. Don't just invest- take informed decision. I will also cover Nifty/Market view for year 2016. Attend this seminar to learn simple methodologies used in share market investing/trading.
Date: 30 April 2016
Time: 5:00pm to 7:00pm
Swing/positional
trades for the day:
Buy Idea for a target of 130, stoploss 115
Buy Maruti for a target of 4020, stoploss 3690
Buy Canbank for a target of 235, Sstoploss 204
Recent
gainers we have recommended. These stocks are also part of Prime Cash- Model Portfolio
M&M Financial Services up 30% from buying price.
SKS Micro Finance up 11.5% from buying price.
Kwality Dairy up 9.5% from buying price
|
A space dedicated to individuals who want keep abreast of 'Why' and 'How' of Investing.
Wednesday, April 27, 2016
Nifty Analysis for 27 Apr 16
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment