YES SAID VANDE MANTRAM BOLKE BULLS ATTACK NIFTY & SENSEX
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On the upside market faces an immediate resistance at 5234 and then 5280 upon successfully crossing this level and stay above this level can take Nifty straight to 5310.Above which the market can even touch 5380 - 5410.
But again remember the level between 5380 - 5410 is an important resistance currently Nifty is facing, we have seen from past few days that reversal happening around this level. So be careful.
On the downside market finds immediate support at 5160, If this level is broken then we can see more fall and the Nifty could show 5020
Pick No 1 - Buy Guj AMbuja (cmp 122.55) - Trader can buy around yesterday close keeping a stop loss of 120. Final target and stop loss only to clients
Pick No 2 - Buy K . S. Oil (cmp 96.60) - We kept on saying on Thursday and Friday and continuously told our paid clients to hold and see today where it is from 86 - 84 to 98 today. Traders can buy around this level with a stop loss below 93 target 100 and 103
Stock in news - GMR Infra, Godavari Power, Crompton Greaves and ONGC make the headlines
GMR Infrastructure which has New Delhi, Hyderabad and Istanbul airport projects in its kittyis now foraying into air charter services. The company is diving into the corporate jet market with a capital expenditure plan of Rs 700 crore.
Godawari Power and Ispat (GPIL), based in Chhattisgarh, is mulling foray into commercial power generation with projects in Chhattisgarh or Jharkhand with capacities ranging between 300 to 1,000 mw with coal and coal rejects as fuel.
Electrical equipment manufacturer Crompton Greaves on Monday announced a tie-up with Dutch firm Lemnis Lighting for launching LED lighting products
ONGC has notified four discoveries of crude oil and natural gas to the Directorate-General of Hydrocarbons this month. The board has also cleared three major investments for growth-oriented projects which includes Dahej Petrochemicals Project.
Tulip IT Services having raised $150 million via foreign convertible currency bonds (FCCB), has earmarked around $40 million for an acquisition in the US having managed services capability.