Hi ..
Sorry for not writing the previous days articles due to some issues.
As i have given the call to book profits in IT index those person would have made big profits in the IT index.
around 36% return in 4 days.
Rs 36000 is earned from Rs 1,00,000 . That is a big profit . I would say.
Today we saw some selling pressure and profit booking taking place. This is some what good for the index as it was in the overbot zone from some time. Now it has come out of that zone. Now going long on the Nifty can be a good idea. Even i am putting my bet on going long on Nifty.
In last few days we saw some good movement in Bank Index. I will also suggest a buy for the same. As you might have noticed banking was the sector which was in green when all other sectors falled.
So go long on Nifty and Bank Index this can give you some handsome returns. Keep the stoploss for Nifty at 5180 as it a very good support.
Most of the market experts also feels that market will go up from here:-
2:00 PM - In an F&O call, buy Nifty5300 call with a target of Rs 60 and stop loss of Rs 35, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
1:54 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5175, says Rakesh Bansal, technical analyst, on CNBC Awaaz.
1:50 PM - In an F&O call, buy Nifty January futures with a target of 5400-5425 and stop loss of 5200, says Nitesh Chand, technical analyst, on CNBC Awaaz.
1:45 PM - In an F&O call, buy Nifty January futures with a target of 5400 and stop loss of 5220, says Somil Mehta, technical analyst, on CNBC Awaaz.
1:41 PM - In an F&O call, sell Nifty January futures with a target of 5200 and stop loss of 5300, says Parsh Zaveri, technical analyst, on CNBC Awaaz.
1:35 PM - In an F&O call, buy Nifty January futures with a target of 5300 and stop loss of 5230, says Hormuz Maloo, technical analyst, on CNBC Awaaz.
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