Good Morning,
Just as we had stated yesterday, similarly we did witness a gap up opening in Nifty, yesterday itself. Wherein, Nifty did manage to cross over above its stated Resistance level of 17700, but somehow couldn’t sustain above it on a closing basis.
Moreover, along with the Index most of the stocks can be found near their respective Resistance levels, as of now. Which altogether is somehow indicating that a little profit booking can be witnessed. Which in turn will be healthy for the Market.
Also, we have a long holiday weekend coming ahead. Therefore, keep following the Sell on Rise strategy to book profits in those stocks that had been accumulated during the last 2-3 Months are are now generating some return.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 17659 (124.25)
Regards,
Alok Daiya
Just as we had stated yesterday, similarly we did witness a gap up opening in Nifty, yesterday itself. Wherein, Nifty did manage to cross over above its stated Resistance level of 17700, but somehow couldn’t sustain above it on a closing basis.
Moreover, along with the Index most of the stocks can be found near their respective Resistance levels, as of now. Which altogether is somehow indicating that a little profit booking can be witnessed. Which in turn will be healthy for the Market.
Also, we have a long holiday weekend coming ahead. Therefore, keep following the Sell on Rise strategy to book profits in those stocks that had been accumulated during the last 2-3 Months are are now generating some return.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 17659 (124.25)
Regards,
Alok Daiya
Disclaimer: alokdaiya.in/disclaimer/
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya
Regards,
Alok Daiya
SEBI Registered Research Analyst
INH000011468
superprofile.bio/alokdaiya