Nifty Eod Chart : Views / Road Map Ahead: As said will not sustain at Higher level's .... Tata Steel 593>>572 ::: hope minted money

 

Day resistance at 5185 and 5214
Day support at 5156 / 5142 / 5120 / 5104
long stop loss 5142 ... last hope for bulls 5104

Bull Fear Zone 5214 :::: Bear Fear Zone 5142

Bulls will have full control above 5214 and will fear the bears

Bears will have full control below 5142 and will fear the bulls

If nifty spot manage to close above 5214 we need to exit short's...

Even today Nifty Spot just bounce back from resistance level - day high 5112.7

hope added fresh short's near 5195

so now the avg short is at ((5120+5195)/2) avg 5157

and hope also booked nifty 5200 call we bought to hedge nifty on monday as guided yesterday

tatasteel told to short at higher levels yesterday close was 584.45

today high was 593 then made a day low 572 ..

hope few minted money :: but we could not...

sorry all was not there since morning to guide / update & give views

coz got bit busy due 2 days pending work .. as was on bed rest for 2 days

Start Buying Near / Below 4900 level

Closing basis Nifty spot not below 4830

On fall we would be buying just four stocks

1) Jindal Steel & Power ::: btw 610-630 (expect upmove of 200-250)

2) Tata Steel ::: btw 520-535 (expect upmove of 200-250)

3) DLF ::: btw 265-280 (expect upmove of 80-120)

4) KFA ::: btw 43-46 (expect upmove of 20-25)