From last couple of days nifty is moving in very tight range as i mentioned in my earlier mail that 6150-6160 and 6230-6240 is very key levels for nifty for further direction and still its not closed below or above that levels. but today nifty has taken a high of 6252 and closed near 6164 and made a candle that is called INVERTED HAMMER . In up trend this candle is bearish candle....
So my seance is telling that today's high could be high for this series ..so those who are in long position should maintain their tight stop loss and wait for double bottom sell signal....Before expiry there is a big event ( RBI MONETRY POLICY). so any thing could be possible so lets price tell us to what to do .....IT AND CEMENT stock is looking weak ....I am expecting some up move in pharma stock such as ranbaxy , again for nifty 6150 and 6230 ( on closing basis) is key levels for coming trading session...
BUY TATAGLOBAL BETWEEN 164-166 SL 158 TGT 175 , 180
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