Market has gone to consolidation mode and become stock specific again.
As we have explained you earlier, all the downfall upto 5750, you should
only use it for buying. Do not be short in this market.
M&M volumes have not picked up, so there could be still consolidation.
Short term traders can book profits and wait for a dip.
Exide and Tata chemicals have seem breakout with higher volumes and hence
we can hold these stocks for higher targets.
Tata Steel is having upward momentum and consolidating, you can trade
with positive bias.
HDFC Bank is also consolidating, though long term stock has upward momentum,
it may not give very big moves and hence all short term traders can exit from their
long positions around 700-705.
As we have explained you earlier, all the downfall upto 5750, you should
only use it for buying. Do not be short in this market.
M&M volumes have not picked up, so there could be still consolidation.
Short term traders can book profits and wait for a dip.
Exide and Tata chemicals have seem breakout with higher volumes and hence
we can hold these stocks for higher targets.
Tata Steel is having upward momentum and consolidating, you can trade
with positive bias.
HDFC Bank is also consolidating, though long term stock has upward momentum,
it may not give very big moves and hence all short term traders can exit from their
long positions around 700-705.
No comments:
Post a Comment