Market has been range bound and this range bound situation may continue
and you may see some stock specific actions. 6020 has shown that it is
acting as strong support as of now. Downside risk as informed earlier
is limited and market is in bullish mode. But the resistance at 6100-6130
is equally strong.
US markets have been showing some great strength and have started making
new highs. US market rally may become the next trigger since there are not
much triggers left from local perspective.
For tomorrow,
Sell Mcleod Russels @ 340-350
SL - 360
Target - 330, 320, 310.
Duration - 1 month
Buy Tata Steel @ 400 - 405
SL - 398
Target - 410, 420, 440, 460
Duration - 1 month
and you may see some stock specific actions. 6020 has shown that it is
acting as strong support as of now. Downside risk as informed earlier
is limited and market is in bullish mode. But the resistance at 6100-6130
is equally strong.
US markets have been showing some great strength and have started making
new highs. US market rally may become the next trigger since there are not
much triggers left from local perspective.
For tomorrow,
Sell Mcleod Russels @ 340-350
SL - 360
Target - 330, 320, 310.
Duration - 1 month
Buy Tata Steel @ 400 - 405
SL - 398
Target - 410, 420, 440, 460
Duration - 1 month
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