The market may continue to be bullish in the session with supports at 5875 and 5845. If the supports are not breached then the benchmark index will continue its march towards 5936, which, if overcome, may see it move towards the 5953 and 5996. 5996 is a strong resistance.
However, even if the key supports are breached, the index is expected to consolidate with supports around 5817. The undertone is bullish.
The short term traders who have been following our advice may continue to be long and add further to their long positions in every weakness around the key support levels. However, it may also be kept in mind that the pace at which Nifty has been climbing for the last three sessions is expected to slow down somewhat.
The mid-term investors are advised to bid ITC at 319.10 and ONGC at 317.85 in small quantities.
They are also advised to start selling the non-performers in their portfolio, please write to us specifying what stocks are in the portfolio and at what prices they were bought so that we can advise the offer prices and prune your portfolio turning it into a profitable investment.
If you like our work then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.
No comments:
Post a Comment