“In investing, what is comfortable is rarely profitable.”
– Robert Arnott
Nifty closed up 4.40 points at 5923.85 while Nifty futures closed at 5938.30, premium of 14.45 points. FIIs bought in Cash, net buy 88.49 Crore while DIIs sold in Cash, net sell 99.75 Crore. FIIs sold in Index future, Stock futures but bought in Index Option, net sell 648.38 Crore.
Yesterday, I told you to buy NF 5996 to 6003 with SL 5882 for targets 5972 to 5981 (This call is not tested our targets) — Yes, NF fired yesterday exact from our buy level
What For Today?
As far as technical are concern, our trading views for intraday would be to buy on decline keeping stop loss of 5896. We see sharp rebound from lower levels, and we could see it flaring to 5973 mark intraday, if crosses and stay above will take this to 6009 where one can exit from long position again!
(Suppose to break it downside…then NF can fall more 38 to 67 points from 5882)
Yes, you can buy NF at opening with Stop loss 5882 for targets… 5931 to 5944
(after crossover 5944…then NF can fire 5982 to 5996 and 6017)
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