2 Jul 2015
Nifty rocking , as we expected yesterday.!!
Today-Nifty made a low of 8370 and closed around 8453(+77) and high made 8474.
Long time waited target of 8470 hit.
High volatility is expected because of international events till 5 July 2015.
However, We expect nifty to trade higher till 8432 is not breached tomorrow. We had initiated Buy from 7980 and target was 8470, which got hit. We expect partially booking at these levels too. Since market is overbought and selling pressure in intraday cannot be ignored and one should go with buy in dip strategy to avoid higher point entry. A good entry point can be 8400-8430 for higher targets.
Concluding: Nifty should touch 8504-8616 unless it breaches 8399.
…stockstopp(stockstopp@gmail.com-9320926785)
Nifty rocking , as we expected yesterday.!!
Today-Nifty made a low of 8370 and closed around 8453(+77) and high made 8474.
Long time waited target of 8470 hit.
High volatility is expected because of international events till 5 July 2015.
However, We expect nifty to trade higher till 8432 is not breached tomorrow. We had initiated Buy from 7980 and target was 8470, which got hit. We expect partially booking at these levels too. Since market is overbought and selling pressure in intraday cannot be ignored and one should go with buy in dip strategy to avoid higher point entry. A good entry point can be 8400-8430 for higher targets.
Concluding: Nifty should touch 8504-8616 unless it breaches 8399.
…stockstopp(stockstopp@gmail.com-9320926785)
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