Today Nifty has made doji formation at its daily chart which indicates that tomorrow Nifty will be under pressure but on the other hand it has also made a common gap which may indicates the beginning of new medium term bull period.
Minor correction may be expected because Nifty daily chart has formed bearish harmonic pattern also. Nifty should not be below 5207.
Nifty may get support at 5230 on short term basis.
Above analysis is made on the basis of short and medium term view.
Lets talk about Intraday view.
If Nifty unable to stay below 5271 after opening then it may hit 5310 otherwise Nifty may test 5255. Breaking 5255 It may test 5225.
Buy Nifty above 5282 and sell below 5274. Nifty Future should be calculated according to its Prem and Disc.
Stock specific intraday trading :
Gail CMP 418.7 Buy above 418.50 SL 413 Trg 427
Jindal Stel CMP 727.45 Buy above 721.30 SL 716.50 Target 734
hi,as per ur prediction for 6 jan
ReplyDeleteIf Nifty unable to stay below 5271 after opening then it may hit 5310
ur tgt achieved.god job