Nifty Analysis for 27 Apr 16

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. Check Nifty veiw for the week here. 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 Mode: Online through Webinar Click here to register Call me on 09371444875 for more details   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