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NIFTY AND STOCK ANALYSIS  MARCH 29 2016

 

As I predicted yesterday you can see Nifty has come down. But as per today analysis we can not see any early movements . There can be a flat opening following by some serious buy and sell. This part will lead to heavy trading in volumes which can send Nifty up or down. 

 

NIFTY AND STOCK ANALYSIS  MARCH 29 2016

NIFTY MOVEMENT

 

 Magic line is 7791. If Nifty cross that once again  and stay above this mark then nifty can reach 8000 mark by next series. or even in this series it is not ruled out as expiry volume sales can cast a big sand PVV will back to positive.

 If nifty goes below 7530 and stay below another Crash can happen which may take nifty below 7400 or even further below.

                   There is no picture is clear to day.

 Using strict stop loses you can trade. 

NIFTY AND STOCK ANALYSIS  MARCH 29 2016

STOCK ANALYSIS

 

Buy- as per my view buy following stock 

United Breweries- Buy UB as the problems around it is already died out and stock is already sold to maximum. Now possible way to trade in it is to go long and stock will go up. But only use strict stop loss as any time bad new can pull it down.

 

Sell  as per my view sell  following stock 

Corporation Bank – It is hit very hard. Already in bad conditions and lot of negative news on it. The stocks is flooding in market and will nearly go down – It is almost sure the Corporation Bank stocks can come down so does its Futures.

 

NIFTY AND STOCK ANALYSIS  MARCH 29 2016

CONCLUSIONS

 Since picture is not so clear use very strict SL either in nifty or in other indexes and do trading safe.

 Stocks also must be traded with strict SL.

 Thanks

 

Sangeetha C.A.  ( Stock Market Analyst )

  Dated- 29  March 2016

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