Thursday, March 6, 2014

Nifty set to touch all time high..Now in resistance Zone

Nifty added 30 points today. Now Nifty is trading above 6350. Still Nifty is in resistance Zone . The break out above 6320 was not convincing. We are watching the contribution from PSU banks. At its day`s high, the Nifty hit 6,363.95, a new high for this year.
        
        Except the FMCG index, all other sectoral indices on the BSE are trading in the green. Capital goods, realty and oil & gas stocks are among the major gainers.
        
        Overseas investors bought Indian shares worth $119.46 million on Wednesday, extending their buying streak to a 14th consecutive day for a net of about $900 million, provisional exchange data showed.
       
 
        We recommended our readers to buy Hindalco , Hexaware . Adani and JP associates on the Monday.. And we also advised readers to reduce the positions on TataElxi and Voltas. Our portfolio churning was an intelligent decision 
        
        We bought Hexaware at 158-159 level now trading at 164
        
        Bought Hindalco at 105 level . Now the share trading at 118.
        
        IDFC we entered at 99.90 level now its is trading above 103
        
        We are making rational investment ideas to generate consistant returns in portfolio

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