- Posted by Alpesh Vora
- On July 30, 2018
- 0 Comments
- discount broker in india, Discount Broking india, market outlook in india, Stock Market
On 10th, June when NIFTY FUTURE was hovering around 10,700 level, all most each and every one was bearish on market. We have told that NIFTY FUTURE will make all time new high within quarter and give target of 11,245 accordingly NIFTY FUTURE has did.
NIFTY FUTURE likely to trade in the range of 11,150 to 11,450. Buy on dips should be strategy. NIFTY FUTURE is in highly over bought situation on daily chart, so wait for running correction, which is likely to happen within couple of trading session, then enter long.
Intraday trader should buy NIFTY FUTURE at the level of 11,205 for the target of 11,343. Keep stop loss of 11,150.
NIFTY BANK likely to trade in the range of 27,200 to 27,820 for the entire week.
Intraday trader should buy NIFTY BANK at the level of 27,425 for the target of 27,725. Keep stop loss of 27,275.