Morning !
A very Happy New Year 2017 to all
I have heard many times from people that i post very few times on my blog. It is only because i feel that one should update very near to the potential reversal points in market, be it on upside or downside and that's what i do. I do not give daily update on NIFTY or on stocks. I always try to give a broader picture and whenever i give a trade call it is usually 1:5 or 1:10 SL to Profit Ratio.
Following up on my November 15th November 2016 Post for NIFTY and BANKNIFTY. I mentioned as of now the double zig zag completed at 7916 and will be waiting for a triple zig zag as mentioned to couple of people as a reply to their query on my blog that NIFTY should go below 7916, it has so far made a low of 7893 on 26th December 2016 and has risen till 8212 as of today's (2nd Jan 2017) high. I feel the rally has intermediately ended today and should go down again till 8050-8000 zone. A buying can be now made in this range with a STRICT SL of 7983 and target of 8225-8300.
For BANKNIFTY, it also created a low of 17606 on 26th December 2016 and reversed till 18249 today and as i am writing this post, it has reversed a 130 points till 18117. A buying can be made in the zone of 17950-17850 with a strict SL of 17750 and a target of 18250-18550 in the coming weeks.
For my POSITIONAL buying calls given for MARUTI and INFY.
MARUTI buy given at 4830 on 21st November has achieved 5377 on Friday 30th December 2016, requesting to revise SL to 5050 now and continue to hold on for remaining targets.
INFY buy given at 922 on 21st November has achieved 1022 on 21st December only two targets remain of 1030-1055 zone. People can book full profit here, as i do not see further steam left in IT packs and majorly all of them are looking for a reversal like TCS, HEXAWARE, TECHM.
Once again A very Happy New Year to all
Happy Trading !
A very Happy New Year 2017 to all
I have heard many times from people that i post very few times on my blog. It is only because i feel that one should update very near to the potential reversal points in market, be it on upside or downside and that's what i do. I do not give daily update on NIFTY or on stocks. I always try to give a broader picture and whenever i give a trade call it is usually 1:5 or 1:10 SL to Profit Ratio.
Following up on my November 15th November 2016 Post for NIFTY and BANKNIFTY. I mentioned as of now the double zig zag completed at 7916 and will be waiting for a triple zig zag as mentioned to couple of people as a reply to their query on my blog that NIFTY should go below 7916, it has so far made a low of 7893 on 26th December 2016 and has risen till 8212 as of today's (2nd Jan 2017) high. I feel the rally has intermediately ended today and should go down again till 8050-8000 zone. A buying can be now made in this range with a STRICT SL of 7983 and target of 8225-8300.
For BANKNIFTY, it also created a low of 17606 on 26th December 2016 and reversed till 18249 today and as i am writing this post, it has reversed a 130 points till 18117. A buying can be made in the zone of 17950-17850 with a strict SL of 17750 and a target of 18250-18550 in the coming weeks.
For my POSITIONAL buying calls given for MARUTI and INFY.
MARUTI buy given at 4830 on 21st November has achieved 5377 on Friday 30th December 2016, requesting to revise SL to 5050 now and continue to hold on for remaining targets.
INFY buy given at 922 on 21st November has achieved 1022 on 21st December only two targets remain of 1030-1055 zone. People can book full profit here, as i do not see further steam left in IT packs and majorly all of them are looking for a reversal like TCS, HEXAWARE, TECHM.
Once again A very Happy New Year to all
Happy Trading !
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