Today Global Mkt Dow jones +187, Nasdaq + 68,
So mkt open Positive.
Nifty made a high of 4,650, where it, as mentioned in the previous report, found resistance. Selling was witnessed around 4,650 level, On the upside Nifty has resistance around 4,680–4,700 of the downward trend line. While going down Nifty may take a support in the range 4,500-4,450, where it formed a double bottom. So Nifty can touch 4800-4900
The momentum Indicator KST on the daily chart is still in the negative territory. The market breadth was once again negative with an advance-decline ratio of 1:3 in the favour of bears.
Today scrip total traded quantity is higher then Two week total traded quantity so its positive for mkt.
Nifty SL 4590 and Buy
Buy Rcom SL 500 tgt 525
Adlabs Films SL 500 tgt 530 545
Reliance Ind Buy SL 2200 tgt 2250, 2280
Delivery base buy Manaksia ltd six month tgt 80-90.
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