As Seen in our Previous Blog Nifty Exactly Reacted From the Levels we mentioned.
After a Long Rally- Nifty has Entered a Sideways or a Consolidation Period and is now Range Bound Between - Resistance of 15915 and Strong Support at 15450!
A strong move is expected only beyond this Levels. For Example lets assume Nifty Goes below - 15450 and Breaks the Support then a Big Fall can Be Expected and Vice Versa Above 15915 a Big rally is Expected !
Our Bias:
Currently Nifty is taking a Temproary Support at 15630 And Has tested this Levels Twice, So we are expecting Nifty to Bounce Back From this Levels and reach a 1st Target of 15900 by 15th July Expiry and Furthur Take A Breakout Above 15915 and Reach 16000/16100 Levels soon.
We are Long on Nifty as Long as the Current Level Sustains.
Stock To watch Out During This Period:
Reliance- Will Lead the Rally
Star Pharma Looks Great
TCS may show some Aggressive Recovery
WockPharma
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