DESPITE NIFTY INCREASED 81 POINTS TODAY , MARKET COULDN'T GET STABILITY TODAY. HENCE, MARKET WILL NOT BE ADVISABLE FOR ANY LONG AND SHORT TERM POSITIONS ON WEDNESDAY .
Though nifty closed at 5127.35, gains were not uniform. Banking stocks increased marginally whereas IT sector had minor gains. RBI cut the CRR by half a percentage and it fueled the market for an upward rally. Because , it is helpful for fund flowing towards various sectors as well as decreasing the interest rates.
Our intraday tip was to buy nifty futures at 5114 today. It achieved our first target of 5136 within 38 minutes and showed its high at 5149.50.
GOOD LUCK....
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