Market has given the correction and again making its base for new rally.
Until market is able to break the major resistances 5950 - 5970 with
higher volumes, market would be range bound between 5800 - 6000.
If it breaks any of this range, then you could see some fireworks on
either side. Overall bias is still positive and 5800 - 5830 will act as
immediate support for the market.
Todays stock pick:
Buy TCS @ 1265 - 1270
Stop Loss - 1200 (closing basis)
Target - 1280, 1295, 1320, 1350, 1400
Duration - 1 month
Until market is able to break the major resistances 5950 - 5970 with
higher volumes, market would be range bound between 5800 - 6000.
If it breaks any of this range, then you could see some fireworks on
either side. Overall bias is still positive and 5800 - 5830 will act as
immediate support for the market.
Todays stock pick:
Buy TCS @ 1265 - 1270
Stop Loss - 1200 (closing basis)
Target - 1280, 1295, 1320, 1350, 1400
Duration - 1 month
ReplyDeleteLive Stock Market Updates – Nifty slides below 9100, Axis Bank drags BSE Bankex down .capitalstars
ndian Oil Corp, the country's top refiner, has shut a 40,000-barrel-per-day (bpd) crude unit at its 150,000-bpd Haldia refinery on the east coast after a minor fire, a company source said on Friday.
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