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Here we are seeing the Varun Beverages Chart and the stock has respected support number of times.
So, in such situations it is best to buy the stock when it bounces from the support. However, remember that again and again hitting the support makes the support weaker as it is like beating an iron rod time and again as finally it can breaks. So, you have to keep this caution in your mind while investing based on this support.
However, you are betting on the fact the stock will bounce back from the support and will give you good returns.
We had always advocated to trade equity first because that time the amount required for trading in equity was small due to the availability of the margin.
However, the equity is requiring lot of capital as margin facility has been reduced substantially in India and as a net result we find that Bank Nifty option is the ideal opportunity to make money as you can even get started with a small capital of Rupees 5000 to 10000. You can make up to 30% intraday profit using our Bank Nifty Trading tips and our clients swear by it
