Nifty
Analysis for 19 May
Larger picture: As mentioned in my
weekly view Nifty is trading in broad range with bullish bias. We are
experiencing buying in Nifty from every dip.
For the day, Nifty is trading near
its resistance and can see some pressure from current levels. Support is near
7850 and 7810 level.
If Nifty breaks current resistance
at 7895 we may see further upmove till 7930.
Nifty 15 min Chart
Swing/positional
trades for the day:
Sell
ZEE Entertainment for target of 425. Stoploss is 440
Buy
Hexaware for target of 226. Stoploss is 212
Buy
Union Bank for target of 114. Stoploss is 108
Buy
Lupin for target of 1690. Stoploss is 1600
New
article Godfrey
Philips- Trading near multi-year support
Recent
gainers recommended by us
Our Portfolio holding Subros hit upper circuit with 20% gains
yesterday.
SKS Micro Finance up 19% from buying price
Berger Paint up24% from buying price
M&M Financial Services up 32% from buying price (Booked)
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Date: 22 May 2016
Time: 11:00am to 1:00pm
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Thursday, May 19, 2016
Nifty Analysis for 19 May
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