Tuesday 22 January 2013

HUL target achieved, RIL also quite strong

You can see that today our HUL target achieved. As soon as it breached
495, it cracked down till our target of around 460.

RIL has been quite strong and it is not showing any weakness. There could
be some small corrections upto 900-905, but it would give opportunity to
BUY only. After it breaks 940 with volumes, you can see good rally from
there.

Market is now in correction mode, it may test the following levels:
6019, 6000, 5980, 5950.

Please note that these are important levels and they may act as reversal
points too. For the Janurary series, the downside is limited to max. 5950
and upside can be upto 6200+.

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