Nifty : Pivot 2635
Resistance 2720/2740/2805/2870
Support 2550/2530/2465
View: Nifty gave a good breakout on mahurat trading. Dow Jones roared in great way & closed 10% + ... We may too open gap up with good margin. As today is F&O expiry of october series we may witness volatility as day progresses.
Nifty will face stiff resistance @ 3055 in this bounce back rally. So may think of exiting few longs at that zone once & re-enter in lows.
Yesterday adviced all SMS clients to buy GVKPIL as mahurat pick. It closed 16%+.
Also track Hind Oil Exp. , another great pick at current rates. ( CMP 63.85 )
Above stocks are meant for 1 yr pick. If you can hold for this time frame then only enter.
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