Hello reader, hope you’re doing well. Markets may start on a cautious note with SGX Nifty displaying a mixed trend with most of the Asian indices faltering in early trades. However, if Friday’s strong positive session is any indication then Nifty will continue to be in charge and all bullish eyes will be on the index’s all-time high at 18888 mark. FIIs continuing to infuse funds in local equities and India’s improving economic situation are the two positive catalysts that would cheer investors in an otherwise bleak global outlook. Expecting Bank Nifty to be a big outperformer and may reach its all-time-high at 44499 mark.
Important points to note:
- Titan post breakout has hit a new ATH of 3000+ today.
- Bank of Baroda poised for a fresh breakout above 197 levels.
- Nifty facing a stiff resistance around 18900 levels for the june series.
- Similarly, upside barrier at 44000 levels for banknifty.
- A good profit booking zone here for DLF, can expect a retest of breakout around 440 levels.
The gym and stock markets are the ultimate place of learning about your work ethic because it does not discriminate between rich or poor, whether you are beautiful or ugly, whether you are lucky or brilliant. The work you put in equates to the amount of success you get as a result.
As always, risk management is key, and a proper system in place prevents one from losing out too much, in case of outlier events. Have a good trading day, and may the force be with you!
Disclaimer: this post is for educational purposes only, we are not SEBI registered analysts. Trades mentioned here are not trade recommendations. Equity Investments are subject to 100% market risk, please consult your financial advisor before investing.
Very nice analogy of the gym and markets.