Nifty broke through 5450 resistance with a bang. Next stop of 5650 too was conveniently covered. With the strength that has built up in the market, possibilities are bright for a new high on the index in the coming months. Suddenly everything has began shining bright on the financial markets. Political decisions made this a possibility. Not only aviation, retail and cables, the euphoria has propelled growth to many other sectors. Banking was the first industry to show signs of strength and it made a big debut on Friday which continues even today.
Some of the stocks in our recommendations like ADANIENT, UNIONBANK and CENTRALBK showed tremendous gains today. ADANIENT has its target exit, since the strength is strong, we preferred part exit and trail the balance position for a better exit. UNIONBANK is close to target and even here the strength is high.
We have had some losing trades in the previous weeks, but the gains that are being accumulated in the present session have managed to cover the losses and keep our accounts in profit mode. Cutting losses short made this a possibility to us.
To get recommendations specific to each individual account with high performing stocks, having their entry, stop and target along with the quantity you have to trade, write to admin@bravisatempletree.com. Entries can be random, but if a person manages risk properly, he is bound to succeed. We give highest priority to risk management and growing trading accounts with healthy gains.
Happy trading. Team BraViSa..
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