Nifty little lousy

19 Jun 2017

Friday-Nifty open 9595, made a high of 9616 and made a low of 9565, closed around 9588(-10), movement of only 51 points.

Now, key point for Nifty is 9559. Nowadays talking about Nifty is like a very serious brain storming process. Although Nifty has support around 9550 and resistance around 9650, we expect range bound momentum with positive bias.

Conclusion: Nifty should touch 9630-9650, till it's trading above 9580 levels.

…stockstopp(stockstopp@gmail.com)

Wanna double your money

IFCI :-

IFCI prices are consolidating in  triangle from almost last  7 years, recently we could witness a pattern breakout around 31 levels. One should be bullish in this stock hence forth and opt for ‘buy on dip’ strategy. 

We recommend buy and hold strategy for IFCI with following  targets.

Long Term:- Buy around 30.20/31.70 T1-39 T2-61.70 T3-76 T4-79.50 SL 21.50.

Since it is long term pick and time to achieve final targets would be around 3.5 years. In case of averaging, we will think of it only around 23-24 levels.