Today Nifty has closed at 6301 with a gain of slightly less than half a percent. We at GEPL are of the view that a minor dip up to 6200 may come which will provide an opportunity to positional trader for going long with stop loss placing at 6100 and target of 6460-6500. Regarding support and resistance, support is placed at 6250 and 6200. Resistance is placed at 6350 and 6440. In our view sectors like BSE- FMCG and BSE- Metals will outperform the broader indices while BSE-CD and BSE- Health care will under perform the broader market.
Published by geplcapital
Offering a range of financial services across investment spectrum, GEPL is a boutique financial services and investment advisory firm. It covers products such as equities, mutual funds, bonds, currencies, derivatives, commodities, wealth management, insurance, real estate, loan against securities and Demat services. GEPL provides single point access to all platforms through its mobile app & web platform, sound fundamental and technical reports, anytime / anywhere trade access & easy support over phone. Established in 1997, GEPL is headquartered in Mumbai, spread across 9 states and services through 150 access points including 25 own branches. With clientele ranging from individual investors to enterprises to institutions, GEPL intuitively understands different financial requirements and offers customized investment solutions. GEPL is firmly rooted by its 3 Mantras: Servicing, Integrity and Teamwork - all of which work to the benefit of clients. Apart from these 3 pillars, GEPL has combined it’s traditional advisory with modern technology and cutting edge research to meet and surpass it’s clients expectation. View all posts by geplcapital