In the last update, we advised to go long in nifty for targets of 8100 & 8225. The index moved perfectly as per our research & achieved both the targets. On stock specific, we recommended going long in Adaniports & LT & going short in Infy. We booked profit in Adaniports @ 320. LT made high of 1564 achieving our 1st target & Infy made a low of 1126 nearly achieving our 1st target.
On Friday, nifty closed @ 8189 with a Doji candle indicating confusion among traders. This means nifty is in buy above or sell below zone. High of the Doji is 8232 & low is 8139. These are now resistance & support. So long positions should be initiated above resistance & short positions below support if nifty sustains above or below these levels. Targets of the trade seems to be 8370 on upside or 8050 on downside.
On stock specific we advise going long in Abirlanuvo for target of 2260, going short in Amarajabat for target of 940 & going short in IOB for target of 36.2.
On Friday, nifty closed @ 8189 with a Doji candle indicating confusion among traders. This means nifty is in buy above or sell below zone. High of the Doji is 8232 & low is 8139. These are now resistance & support. So long positions should be initiated above resistance & short positions below support if nifty sustains above or below these levels. Targets of the trade seems to be 8370 on upside or 8050 on downside.
On stock specific we advise going long in Abirlanuvo for target of 2260, going short in Amarajabat for target of 940 & going short in IOB for target of 36.2.
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