MY YESTERDAY COMMENT ON NIFTY:-
NIFTY OUTLOOK - 24TH APRIL
Brent Crud: Brent Crud is not crossing above $75. Iran new impact is already a factor in this price. I am not seeing crud above $75.65 unless any new negative news will impact the price.
Currency: Due to election factor UDS/ INR is not crossing above $70. So I have a natural view in currency.
For Nifty 10500-10550 is a major neckline. If Nifty will not break 10500 on closing basics then I would like to take a positional long call in NF Tomorrow.
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Stock to Watch:-
1. Reliance: Nifty correct 70 points in last hour but reliance manage to hold above 1360. Today there was a short covering in 1340-1360 and 1400 call writing.
2. TCS: TCS was trying to close @ day high. Also the indicator I use it was a strong smart money inflow in last hour.