Thursday, December 27, 2018

TAKE A LONG SHOT IN RELIANCE FOR FRIDAY 28 DEC 2018


FOR LIVE MARKET CALLS GIVE A MISSED CALL ON 07225909997

Expiry today was a non event Nifty rose half a percent and closed @ 10780 level. Although there were some big movements days in this week but today was a lackluster day except we witnessed some positive momentum building in Index heavy weight Reliance Industries.A small bearish candle was formed in end but despite that Nifty can see upward movement in this series till 10930. BankNifty on the other hand do not look so promising so we advise not to take fresh positions in banking stocks until a trend reversal is appeared.27 Stocks in nifty advanced while 23 declined which is not much suggestive.

Top gainer today is ADANIPORTS
Top looser is BPCL both 2% plus minus

For Friday 28 Dec we recommend you to take long position in RELIANCE with targets of 1134 and 1150.

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