NIFTY VIEW AS ON 21 FEB 2021 (Nifty Possibilities and Portfolio Update)
Intraday Resistance Zone is 15115-15130
Intermediate Support Zone is 14715-14870
NIFTY VIEW
Nifty is currently into hourly time frame correction and must seek its support at our intermediate zone mentioned above initially if it tends to reverse from hourly correction. Recent movement into last one hour of FRIDAY showed some sort of comeback strength.
So we can expect NIFTY to bounce back a bit upto our Resistance Zone and retrace back OR we see it to go low and take support at our intermediate zone which is not far away.
However , as we are aware that no resistance is strong enough when we are in an uptrend hence it will be important to see if there is further sustainable breakout above resistance zone. In that scenario 14870-14898 will form as a stronger base.
Make a note of above and trade accordingly.
STOCK PORTFOLIO UPDATE
We have booked profit in 7 out of our 10 holdings
BAJAJ AUTO Buy 3001 Closing 4001.10 (+33.33%) (Exited 60 percent)
HEROMOTO CORP Buy 3076 Closing 3389.70 (+10.20%) (Exited 60 percent)
ESCORTS Buy 1318 Closing 1335.95 (+1.36%) (Exited 60 percent)
RAMCO CEMENTS Buy 836 Closing 962.20 (+15.10%) (Exited 60 percent)
SHREE CEMENT Buy 24691 Closing 27542.25 (+11.55%) (Exited 60 percent)
SUN PHARMA Buy 601 Closing 607.30 (+1.05%) (Exited 60 percent)
BATA INDIA Buy 1590 Closing 1499 (-5.72%)
ICICIGI Buy 1382 Closing 1493.75 (+8.09%)
NAUKRI Buy 4910 Closing 5170.15 (+5.30%) (Exited 60 percent)
SBI LIFE Buy 896 Closing 881.50 (-1.62%)
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