Thursday 29 November 2012

Stock View 30/11/12 10:15am

Market has opened again with a gap and has shown a small correction. All the correction here is good only to BUY. Market has been waiting for the GDP figure and it is any way discounted as of now. If GDP is shown less than 5, there could be a small correction but it will immediately recover from there.

Immediate Support - 5815 to 5830

Medium term Support - 5750

Long term Support - 5550

There are multiple supports and hence we can stay long.

BUY Tata Chemicals @ 326 - 328 (December Futures)

Stop Loss - 320 (closing basis)

Target - 330, 334, 340, 360, 380, 400

Duration - 1 to 3 months

1 comment: