It is a state where market is facing the dilemna state and thus strategy in such type of markets is to buy stocks at support and sell at resistance. Sensex has to move clearly above the level of 16051 for a confirmation of uptrend from where it can rally to the levels of 16200-16500-16800. Else market is presently overbought and can fall due to indecisive state. Sensex support exist at 15470-15426 with resistance is at 15880. Nifty support exists at 4600 with resistance at 4700-4789.
Profit Analysis of Tips
Renuka sugar crossed all the targets for the day and provided the profit of Rs 1185 and Adlabs profit for the day is Rs 190 as it touched the target one due to prevailing negative trend in the market. Balance of the tips did not reach the entry price and thus traders did not enter in the market in those tips. This is the reason we are different as we only let our traders enter in profit making trades only and for that now one has to Subscribe for Paid Tips to be able to make continous money from the market. You can read about the Power of our Stock Tips and thus accordingly can decide to Subscribe and take a well informed decision.
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