NIFTY was able to cross the intra day resistance of 5338 but it failed to close near that levels. Thus we remain bearish on NIFTY with a downside target of 5330 - 5350 levels.Besides that we could see lot of shorts coming in compared to the last miute short covering that we saw during the last minutes.
NIFTY is in a buy only if it could close above 5464
Stocks to watch
1.As i said in yesterday's post ..exit bank stocks and move to some inexpensive stocks
Still have a sell call on the major banking stocks like SBI
2. Enter JK lakshmi cement if it gives a good range above 59 with a stop loss of 54
Target 65 - 70 (medium term call)
3. Enter JSW steelat 1100 - 1110 levels for intraday and as a postional call
Target 1180 - 1200 (positional )
Stop loss 1080
As per yesterday's mesg SBI has come in a sell and u can book profits at 2796
ReplyDeleteAs per yesterday's mesg SBI has come in a sell and u can book profits at 2796
ReplyDeleteBook ur profits n ICICI...
JK lakshmi is moving towards first target of 65...
Hit an intraday high of 62
JSW steel wud give u an opportunity to enter at 1100
Todays results
ReplyDelete1. As per the predictions SBI and ICICI bank gave selling opportunities and u might have enjoyed your short positions
2. JSW steel wud have given u some profits on the upper side as t suggested rate of 1100- 1110 had come....