Nifty Fut will face stiff resistance at 5920-5938 levels crossing & sustaining above which, it will touch 5974 & 6027.
But, If fails to cross 5938, Will fall upto 5835 & 5778.
Strong support lies at 5760-5776. Only if it breaks & sustains below 5760, it may touch 5686 & 5603.
Overall Though Nifty has risen approx 8-10% in a very very short span of time, it is still bullish. But, a small correction cannot be ruled out. Remain Stock Specific admist high volataility. Use the Strategy "Short on Rises & Keep buying on dips"
IFCI has a potential to rise 8-10% from current levels. To avoid huge risk by trading in Fut in such a Over Heated Market, Buy IFCI OCT Series 70 CA (CMP 1-1.3). Max Risk Rs 4000. Profit may be huge.
Also Keep an eye on FSL..can move upto 29-30 levels. CMP 26-26.5...
5938 to 6005 !!! Hits as advised.
ReplyDeleteIFCI Oct 70 Ca....1 ---> 2
Even advised FSL to buy...FSL 26.5 ------> 28+++
Sent Earlier on Friday Evening :
Nifty Fut will face stiff resistance at 5920-5938 levels crossing & sustaining above which, it will touch 5974 & 6027.
Keep an eye on FSL..can move upto 29-30 levels. CMP 26-26.5...