As informed earlier, market has clearly shown that the correction is over and
now any dip you get would be an opportunity to Buy.
Banks will lead the entire rally and this is time to build portfolio in banking
stocks. There would be considerable amount of upside in the coming days.
Market would continue to rally once it breaks 8500 as a very important
formation called 'Inverse Head and Shoulder' is formed. The target for
this pattern would come around 9000 for Nifty.
And Bank Nifty has formed pattern called 'Cup and Handle' for which
the target is 20000.
So any dip should be opportunity to go long. Hold the stocks or Nifty
future with a perspective of a month or more and invest. The returns
would be fabulous.
Stop loss for the trade should be kept at 8380 for Nifty and 18350 for
Bank Nifty on closing basis.
now any dip you get would be an opportunity to Buy.
Banks will lead the entire rally and this is time to build portfolio in banking
stocks. There would be considerable amount of upside in the coming days.
Market would continue to rally once it breaks 8500 as a very important
formation called 'Inverse Head and Shoulder' is formed. The target for
this pattern would come around 9000 for Nifty.
And Bank Nifty has formed pattern called 'Cup and Handle' for which
the target is 20000.
So any dip should be opportunity to go long. Hold the stocks or Nifty
future with a perspective of a month or more and invest. The returns
would be fabulous.
Stop loss for the trade should be kept at 8380 for Nifty and 18350 for
Bank Nifty on closing basis.
• Sun Pharma-The wholly owned subsidiaries of the company has increased its shareholding in Ranbaxy Malaysia Sdn Bhd, Malaysia, by way of further purchase of 5,08,313 shares of face value MYR 1 each.
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