Ready for Next move

High volatility prevailed all through the day. Nifty future failed to cross the the high made during the opening time. This reviles the uncertainty in the mind's of investors. Today i expect the market to open a bit soft and some profit booking may arise which will drag the market to 5070 to 5050 level. But certainly these are right time to get some investment.

One of my friend has inquired about RCOM. Is this right time to go long in that stock? yes, it has a strong support at 162 on closing basis. Short term support exist at 173. Above 182, it has a target of 189.5 and 197. Swing traders who are targeting for 10 to 15% returns, can use this script.


Nifty spot levels for the day:

5048 - 5070 - 5091 - 5119 - 5134

Intraday traders can trade for a simple dip first and long entry can be made after that. More details to subscribers.


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