Buy Sega goa,Bongaigaon Refinery, target for clients only
Some of the stocks that look interesting in today's trade are Punj Lloyd, Bag Films, TV Today Networks and Pyramid Saimira
After a bear day today.. now a bull day is waiting for you tomorrow. Lots of good news will give a positive effect to the market like Crude falling below 123 trading at 121, one more support is broken .. dollar trading good .. good for IT sector … and finally US market showing strength. Opening will be good and positive hope we don’t get any bad news before that, and also be careful at every resistance because at those levels we can see some profit booking if not crossed.
Any upside will immediately face resistance at 4200 it would be good if we open above this level then next target will be 4240 followed by 4280 and 4300. Downside 4168 on the Nifty spot should act as a first good support if we break this then we get next minor support around 4130 which can break easily if sustains there and can push further down to 4090 and 4075.
Lets talk something technically, I will not go much in technical terms but in simple terms for you people to understand .. the current downfall is good thing is we are filling up the gaps in the charts and second good thing is we have technically corrected the rally which took place from 12500 to 15000, in technical terms the word retrace is used for such. In this whole scenario 13425 – 13500 will form a good support. Short term will not have to worry as long as we stay above 13500, only a two close below 13400 can worsen the situation.
Trading strategy – Day trader can look to buy at the opening and should look to book 75% profit around 4240. Investor as we mentioned before around 3900 to put in your 30% cash keep investing in it.