Nifty (3876):- Supp 3865/3850/3825 Res 3890/3905/3920 Above 3890 we should see 3920 in short term. On the downside 3825 is a very important support level. Any closing below that should be regarded as a start to a healthy correction upto 3740/3675.
P/E 20.78 P/B 4.98 Adv 27 Dec 23 Turnover Rs 8768.6
Market opened strongly went down a bit but again stayed in the green for most of the day. Yesterday’s small rally of 45 points in sensex was marked by Bank stocks. SBI, PNB, ICICIBank witnessed strong rally.But reliance kept the market from achieving great heights as it fell almost Rs 16.
US Dow Jones once again closed in All Time Highs. Asian Markets are trading up. Our markets are expected to open flat. Nifty has not been able to breach 3885-3890 region from last 2 days. We will see if it does that today. If it crosses 3890, intraday we can see move upto 3905 and 3920.
BEML (1005):- The stock is nearing its trendline support around 970. Buy around that support for target of 1030-1040. Keep strict Stop Losses in your intraday trades.
tanmaygopal@yahoo.co.in
No comments:
Post a Comment