Thursday, January 2, 2014

Yesterday Nifty closed in red at 6221.15 [-1.3%].

ASIANPAINT closed at 485.55 not broken its support of 480.00 similarly BERGEPAINT is holding its support of 224.00.

Got chance to buy L&TFH & TORNTPOWER at 72 & 114.30.

L&TFH not broken 72 convincingly it has strong support at 68 and resistance in the range of 76/78.

TORNTPOWER is holding its support of 112.00, likely to face resistance at 120/122.

Market will always move up n down.

What one is buying, at what rate n at what rate one is booking profit plays very important role.

There is one way to get accustomed to S&R, select few good stock, and trade only in them. Over a period one will come to know were a particular stock gets S and R.


Delivery based trades are always good for new player.

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