Check last day's recommendations here at Indian Stock Market - What To Expect On 15th March?
ACC - BUY ABV 1009 SL 994 T 1037, SELL BLW 994 SL 1009 T 966. (Sell triggered @ 994, crashed to 976.90 and closed at 977. Profits booked)
AMBUJACEM - BUY ABV 117.50 SL 115.75 T 120.50, SELL BLW 115.75 SL 117.50 T 112.75. (Sell triggered @ 115.75, closed @ 116, exited at small loss)
IDEA - BUY ABV 60.75 SL 59.75 T 62.50, SELL BLW 59.75 SL 60.75 T 58. (Sell triggered @ 59.75 and closed @ 59.55, small profits booked)
ONGC - BUY ABV 1093 SL 1080.50 T 1113, SELL BLW 1080.50 SL 1093 T 1060.50. (Sell triggered @ 1080.50, crashed to 1065.55 close to target and closed @ 1069. Profits booked)
RELINFRA - BUY ABV 1007 SL 990.50 T 1033, SELL BLW 990.50 SL 1007 T 964.50. (Sell triggered @ 990.50, crashed to 968, near to target and closed @ 973.35. Profits booked)
5 Stocks You Need To Know For Tomorrow:
BAJAJ-AUTO FUTURE - BUY ABV 1852 SL 1829.50 T 1897, SELL BLW 1829.50 SL 1852 T 1785.
COLPAL FUTURE - More details only to Intra/BTST Stock subscribers.
HDFCBANK FUTURE - More details only to Intra/BTST Stock subscribers.
CREWBOS - More details only to Intra/BTST Stock subscribers.
INDUSINDBK - BUY ABV 161.50 SL 157.95 T 168, SELL BLW 157.95 SL 161.50 T 151.50.
* If SL hits in any counter either buy or sell, that will reverse the trade. If target is hit @ open, safe traders can avoid trading that counter, or trade with low quantity, say 25% of normal capital. If buy/sell target is not met by end of day one can carry for next day with cost SL.
Index Recap: For Nifty future I am repeating for last few days that it is inside a chop zone, and the small trading range is detrimental for day traders. I hope day traders and understanding the fact fully in everyday trading. I wrote immediate trend reversal 5090. Today also it could not break the level, and trend remains up so far. In Bank Nifty future I have written support of 9152 is vital to hold, else we will see 9085/9071/9060. As usual jokers can check today's low @ 9061 after it broke 9152 in open. Could you also catch those moves, or watched as usual from the sidelines, counting losses??
Fortune Teller - Now, what to expect tomorrow in indices? Nifty future again and again testing its strong resistance at 5143. Crossover above 5143 with good volume will retest 5161-5167. Crossover above 5170 and sustainance there will bring Nifty future to new bull orbit. Medium term trend-reversal and any longs SL to ke kept now only below 5100.
Bank Nifty future has strong supports now at 9071-9060, a break with volume can retest 8969-8967 on the lower side. Now a break below 8968-8967 can initiate panic selling in the bank stocks. Resistance is there at 9085 and crossover can take it to 9152 in no time. Crossover above 9249 with volume will simply target 9350 in coming sessions. Trade with the charts - not with the experts.
Nifty Trading Calls And Recap: Today pre-market SMS to sell Nifty future below 5127 for initial profit booking target of 20 points (Nifty future crashed to 5105.50, target achieved), also on-market SMS to buy Nifty future above 5151 (not initiated). This month positional calls already yielded big gains, Bank Nifty 350+ points profit booked, Nifty 165 points profit booked). Also 9th March on-market SMS to hold short in both 5200CE+5000PE (subscribers shorted and booked premium inflow of 81, CMP only 52.90). Tomorrow's trading calls available only to Nifty SMS pack subscribers.
Nifty future important levels for Tuesday, 16th March:
R3 5174 R2 5155 R1 5144 PP 5125 S1 5114 S2 5095 S3 5084
Bank Nifty future important levels for Tuesday, 16th March:
R3 9209 R2 9176 R1 9128 PP 9095 S1 9047 S2 9013 S3 8965
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