Hi all,
Hope you had a nice few days off from the markets and enjoyed your Holi to the fullest.....
Last 2-3 days have been very good for the global markets since after making new lows they started recovering... this is a technical bounce and the overall trend remains down. However these bear markets rally are quick and fast .. so worth riding and exiting as soon as you are in profits.
Today NIfty might gap up by 3% or more as suggested by SGX. I would for day end and square off shorts and open longs if it is about to close above 2630.
Out of the 4 stock calls, SBI and RelCap have achieved their swing targets. The rest two calls, bullish on Relinfra & Bearish on Infosys are still active.
Intraday magic levels
NF - 2570, 2610, 2635, 2662, 2680
Cheers
SH
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