Today Expect a Level of 2810 to 2830 where one can sell nifty
Favours, Bears Only, Below 2747 Mark.... If, Break, that Level, Expect a Level of 2727 - 2710 Mark
The key indices could turn choppy after a slightly positive start. Volatility could be higher ahead of F&O expiry
Buy ROLTA at 83.1 stop loss 80.5 target only to client
Short Term - Buy RNRL only above 51.5 stop loss 48.2 target only to client
We like Pharma, Metal and some second rung IT stocks for today's trade. Pharma stocks like Ranbaxy, Cipla and Wockhardt might see some buying interest today after a day in green yesterday.Tata Steel, Sterlite Ind and JSW Steel are our picks in the metals sector.
We recommend a trade in Rolta In (Rs 83) at current levels, as the stock has seen some speculative interest and looks ready for an upmove technically, as its broke some key technical levels on high volumes. Andhra Bank, Ballarpur Ind, Bartronics, BHEL and Cairn India are some of the stocks to keep on radar for the traders, as these companies will be reporting their Q3 numbers this week