Nifty Prediction for tomorrow, Nifty view 27th April 2021

Nifty Prediction for tomorrow, Nifty view 27th April 2021 Overall Nifty trend is sideways holding 13800 spot can come higher for one last round. Now, that move goes to 15500 or another new high that remains to be seen however as we mentioned in our previous Nifty Prediction for tomorrow / Nifty View updates look for trending counters rather than trying to trade Nifty at least for the time being. 

Money is made in clear up trending and clear down-trending stocks or counters and as of now, Nifty is not trending. When in the non-trending phase or choppy phase buying options don’t make money because time value gets eroded very quickly. Hence buying options either side calls or puts won’t make much money so that is the reason we have been recommending buying trending counters. 

Overall avoid Nifty for the time being Banking stocks are looking a better trade from a stock-specific point of view in the near term.

Nifty Prediction for tomorrow
Nifty Prediction for tomorrow

Bank Nifty Prediction for tomorrow

Bank Nifty once moves above 33000 spot levels mentioned near term trend moves up. If Bank Nifty gives a breakout above 33000 spot level then buying on dips can be done here for the next few trading days. Overall I would prefer trading some individual names from private sector banking than Bank Nifty because some of them are leading the bank nifty.

Nifty Prediction for tomorrow, Bank Nifty Prediction, Nifty view live as given to our clients today

[09:12, 4/26/2021] Glen Drago: Good morning
[09:12, 4/26/2021] Glen Drago: Hold positions as told
[09:12, 4/26/2021] Glen Drago: Will update as and when anything needs to be done.

[10:05, 4/26/2021] Glen Drago: bottom line is i cant rule out new high or 15000 or 15500 till we hold 13800 move will be choppy no doubt about that but short selling must not be done now since we are near to support zone.

[10:07, 4/26/2021] Glen Drago: on dips at supports, we will buy. There is too much overlapping in charts so we will be extremely selective in trading.
[12:41, 4/26/2021] Glen Drago: Jsw steel book 50% at 658 & trail rem 50% qty to cost / 845 spot levels mentioned.

[14:48, 4/26/2021] Glen Drago: jsw steel book rem 50% at cmp / 656 spot level and close trade at cmp
[14:48, 4/26/2021] Glen Drago: confirmation jsw steel booked rem 50% at 656 spot level no open positions in jsw steel now.

As usual, if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over-trade and always keep your risk in check. In case you would like to have a free trial of our services please click here.

Regards,

Glen Drago

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