Market Strategies And Outlook Today

Discussion in 'Trade Journals & Stock Tips' started by priya12, Aug 13, 2015.

  1. S Analytics

    S Analytics Member

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    A big move came as expected. The index have rallied more than 1600 points in last 10 trading days.

    A resistance at 25000 have broken on upside and now prices are moving toward the next resistance at 25800.

    We are now expecting some kind of consolidation in BANK INDEX near 25500 - 25800 zones.

    Avoid PSU BANKS and look for buying in the index as well in PVT BANKS such as HDFC BANK, INDUSIND BANK and KOTAK BANK.
     
  2. S Analytics

    S Analytics Member

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    Market view of Mr. Sudarshan Sukhani.

    "The Nifty is now entering a resistance zone between 10350 and 10600.

    This is a wide area, suggesting large moves, both up and down, within the range.

    Trading inside a zone requires tactics which are different from trading with the trend.

    In zone trading, we have to buy sharp dips and sell sharp rallies.

    These trades are done, in a sense, against the minor trend. This is not always easy.

    It does appear that the best part of the recent up move is behind us."
     
  3. S Analytics

    S Analytics Member

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    Market view of Mr. Sudarshan Sukhani.

    BANKNIFTY

    "After a rally of almost 1800 points from its low near 23605 is now started finding resistance near 25400 - 25500 zone.

    A consolidation was expected near 25500 is now happening in BANK Index.

    A narrow trading range is visible inside 24950 - 25400.

    Look to trade in the direction of breakout."
     

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