Market are continue in trading range between 8750 to 8830 which is a very small range and ready to break down this range in coming days at higher side.... Once crossover these level, sharp move towards 50 to 80 points can not be ruled out. On the down side support nearly 8750 and below someweakness.
Bank Nifty the same way and small trading range continue 20100 to 20450 crossover these level up side towards 20650 and down side support nearly 20000-199000 break these levels only weakness likely.
Long Side.... IDBI, Idea, Bharti Tele, Reliance Capital
Short side... Tata Motor, Hero Motor and BEL
Unwinding seen - HPCL BPCL, IOC.
Short side... Tata Motor, Hero Motor and BEL
Unwinding seen - HPCL BPCL, IOC.
Over all trend is bullish and as long as hold Nifty 8700 buy on dip strategy.
Some trading stocks to be watch out....
Tata Motor..............Open with down side gap... do not play short sell, Likely reversal from the lower level. Buy this above 30 minutes high only... stop loss 5 points.
ICICI Bank..........looks good
Bank of Baroda.............Near to support level
SBI...........Decent support 265 266
Yes Bank..............very hot and buy side
GAIL...............Fresh break outand buy side
Reliance...................
above...................non stop target 1080
above...................non stop target 1080
and many more stocks to watch out.
For more details call
9630466296
9630466296
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