NIFTY VIEW AS ON 18 JAN 2020 (Intraday Bearish and Profit Bookings)

As we have seen that we were considering EXIT from INDIGO and BIOCON after profit booking and we announced our exit in LIVE MARKET.....

PVR was mentioned as an intraday pick for today on buy side and we were able to successfully book profit even in today's fall....

Nifty Levels

Intraday Resistance Zone 14405-14410

Intermediate Support Zone 13935-14130

After intraday breakdown confirmation today we need to look into our intermediate zone which will act as support.

WHAT TO DO ??

Although we are in intraday bearish scenario it does not mean that we go short , this time must be utilized to grab your hands on good stocks. However if you have ongoing profit trades taken for swing then we must look to book some profits.

EXIT FROM PORTFOLIO

Tomorrow we shall consider exit in profit from our portfolio stocks TATA CONSUMER , CIPLA and AUROBINDO PHARMA. Exit will be announced in LIVE MARKET like today.

PORTFOLIO UPDATE

Britannia and Reliance has worked as a HEDGE for our existing portfolio as you can see we were not relatively as down as NIFTY due to above stock.

INTRADAY PICKS

No intraday pick for tomorrow as there are chances to be wrong on our trades so one can avoid. (Although you can watch TATASTEEL and TATAMOTOR on sell side) Do not consider it as a suggestion !!

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