NIFTY VIEW AS ON 26 JAN 2021 (Intermediate support) Intraday Picks !!
Intraday Resistance Zone is 14435-14460
Intermediate Support Zone is 14100-14260
Long Term Support Zone is 12170-13115
NIFTY VIEW
We have observed that post intraday break down NIFTY has retraced and taken support of our Intermediate zone. In order to sustain and bounce back NIFTY must not break below 14100 level. However long term trend is still intact.
Portfolio Update
We have exited all our positions from TATA CONSUMER PRODUCT yesterday. We had rally in two of our stocks BAJAJ AUTO and AUROBINDO PHARMA. They have properly hedged us in this small correction of NIFTY.
Intraday Picks for Tomorrow
UPL Buy at 594 initial target 599 rest can be carried through with stop loss
ZEEL Buy at 225 initial target 227 rest can be carried through with stop loss
As our followers has observed our intraday picks do well.........
However if there is gap up opening above our BUY price then wait for stock to retrace below the price and re-enter.