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Wednesday, 14 June 2017

MARKET CAUTIOUS !!! FED POLICY DISCLOSED TONIGHT

YESTERDAY’S RECOMMENDATION UPDATE:
Lupin near tgt 1200 made high of 1193.50
NOW total profit 10800 in just 2 lot
CONTINUE TO HOLD FOR TGT 1200
FOR LIVE MARKET CALLS PING ME ON 09039542248

Sensex and Nifty ended higher after a volatile session
Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. Interestingly, both Nifty and BankNifty has formed INVERSE HAMMER candlestick pattern with long shadow and this suggest that market would see positive movement from here. Nifty hold 9600 levels on closing basis. Traders can go long in Nifty with strict stoploss
below 9570 levels on closing basis. If Nifty managed to hold 9600 levels then market would see sharp recovery from here. Traders can initiate short only if Nifty is not able to hold 9600-9595, which is an important support on closing basis. Next support for Nifty is placed at 9580-9570 levels. US FED Interest Rate Policy would be disclosed tonight and it would impact all global markets, so market would remain cautious. The support for  Nifty is 9600-9695-9570-9550 and the resistance is at 9650-9684-9705-9715 levels. 

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