- Our market is under performing compared to US market. We are still moving slowly towards higher levels, but the momentum is missing. My view about another low near 9685 levels in nifty is fading now, since nifty showing some good support around 9830 levels, I think we have bottom out around 9700. Look to buy around today 9930 levels and lower levels if nifty opens flat and keep a stop loss around 9870 levels in stop level will give a target around 9980 levels in future.
- Bank Nifty is lack of momentum, SBI and ICICBank is not performing in the index, if they perform from today, Bank nifty can cross 24320 levels.
- Metal showing consolidation and look to move up in today's trade. Hindalco and jindal steel may be bought today. Sunflag Iron can go up to 90-92 levels, cmp 80.8.
- Cement Stocks moved yesterday, they can move up today to give support to nifty. Ultra tech, Ambuja looks good for long side.
- DCB Bank and Federal Banks looks good today to take long call.
Good Luck...
No comments:
Post a Comment