Bank Nifty Futures 12.30 Am Updates 24th April 2015
Yes bank rallied today however nothing has changed in Minor and major trend they both remain down for all private sector banks and they will continue to fall. Yes bank has resistance between 866-875 Nse spot levels unless and until Yes bank is stable above 875 don’t even consider Buying. PSU banks relative outperformance to Bank Nifty seems to be coming to an end and they could lead the next leg of the decline. Avoid this sector for now.
Nifty Futures 12.15 AM Updates 24th April 2015
Tata steel will outperform the down move towards 7961, when where and how much to Buy I will update. As per charts Minor Trend has turned up and it’s showing good signs, really good signs while market is under weight this sector and stock this could really give good upside surprise. Will update when and where to Buy (if we get final confirmation)
Nifty Futures 12.05AM Updates 24th April 2015
We maintain our BUY on Sugar Stocks accumulate Renuka, Bajaj Hind & Eid Parry as these stocks will give 5X returns over next 2-3 years.
Nifty Futures 12.01AM Updates 24th April 2015
Nifty spot has time cycle resistance between Friday and Monday so will pull back end Between friday-monday, we will update live to our clients as and when we get confirmation of pullback ending.
Nifty Futures 3.35 PM Updates 23rd April 2015
Nifty Futures today opened higher took resistance at 8500 and started falling. Yesterday we have exited our Nifty Futures shorts and we are waiting for confirmation of pullback ending to sell fresh. Nifty Futures both Minor and Main Trend remain down and we reiterate our Target of 7961 for Nifty Futures.When Nifty Futures pullback will end When to sell where to sell how much to sell details to our clients.