Nifty analysis Thursday.

Today as expected Nifty started with a slow note. Excella Trader indicated a profit booking from high beta stocks. Nifty is trading 20 points down. This morning we advised our readers to stay away from buying Nifty futures unless it crosses 6872. Nifty made a high of 6861 today and Excella trader did not make a buy entry. 

As per the morning call 6826 is the entry point for short selling. This was done and closed with a small profit. Today also Nifty was supported by banks and state run companies. SBI was up by 2.17% , NTPC up 2.62% , Coal India up 1.3%. IT stocks continued its fall today also. ICICI bank los around 1 percent. Sun pharma lost 2 percent. Sun was the super gainer from our last days buy call. Last day we exited from sun pharma.

In NSE equity calls sections Excella trader could make two super buy calls and both achieved second target in today trading.

Cairn India Limited 359.00 +8.00 (2.28%)

Jet Airways Limited 308.30 +19.50 (6.75%)

In Positional calls We made 28%  gain from Gujarat Gas so far

In our positional calls major gainer was Gujarat Gas. Ever since Modi declared as BJP prime minister candidate Gujarat Companies were going up. But Gujarat Gas company was not moving along with Adani ent, Adani power and all. This was an under performer till second week of March this year

Excella Trader recommended readers to buy Gujarat Gas company from 18^th March. Excella has a reason to buy Gujarat gas. Now within 23 days share price rose around 28 percent . This was out performing Nifty index. Today Gujarat Gas made a 52 weeks high of 313. Earlier high was at 305 made  on 7^th August 2013. Till 13^th March stock was underperforming