Sunday, May 1, 2016

Another Manic Monday - Has Market Fluctuation Dampened Your Trading Spirit ?

Last Friday Nifty recovered from day low of 7789 and closed at 7850, giving some relief to market. Dangers still lurk.

Today indications from asian markets are bearish:-
  • Asian markets are in red.
  • Global oil is slightly down
  • SGX Nifty is down by 50 points.
  • Gold is up indicating poor condition for equities.
Call-to-Action
In my post Markets May Laze - Look Out For 8000 in Nifty , I had given buy call for two banking scrips of May Futures and same were bought as given below:-
  1. SBI May Fut bought at 199. Target 206. Friday it closed at 189.5
  2. Bankbaroda May Fut bought at 160.5. Target 166. Friday it closed at 158.8
Bank of India Apr Futures was rolled over to May Futures. It was bought at 98 and revised target given was 99/100. Friday it closed at 92.5