Gap up opening near 4400,
BUY HPCL, BPCL in truck lots , target for clients
High: 4,376, 4385 and 4420
Projected Low: 4,287, 4250 and 4220
The top 21-day M Line is at: 4,592 while the bottom 21-day M Line is at: 4,172
WEEK ENDED WITH A LOSS OF 104 POINTS. FRIDAY NIGHT DOW WAS UP 200 POINTS, MAY WE SEE A BIG BOUNCE IN BOURCES – BUT NEED TO SEE THE SUSTAINABILITY OF THAT BOUNCES.
BE CAUTION: IN UP MOVE – NIFTY 4450 IS A BIG RESISTANCE NOW, MARKET CAN BE GOOD ONLY IF 4450 IS BREACHED.
STCH + W%R ARE OVERSOLD TERROTERYY – MAY WE SEE 1 / 2 DAYS UP MOVE.
BUY BANKSSSSSSSSSSSSSSSSSS - Axis ,Icici,Sbi,Kotak
Jet Airways could be in action amid reports of a merger with low-cost arm JetLite and another round of hike in air fares. Cement stocks might attract some attention as reports suggest companies are likely to raise prices soon. Steel companies will remain in focus amid continuing friction with the Government over product prices. Ditto with sugar shares, as the Government is considering moves to check rising prices.