keep SL 4720

Dowjones -49 Nasdaq -26
Yesterday Market remained very choppy in the range of 4,670-4,760. It opened on a negative note, oscillated like a pendulum around yesterday’s close all through the day with strong buying in individual counters. Good Relly seen in midcap, & Small cap.

On the hourly chart, the momentum indicator KST continue to intermingle with signal line and is unable to cross the zero line on upside decisively. Our short- and mid-term bias is up for the target of 5,050 and 5,300 respectively with the short- and mid-term reversal pegged at 4,625
and 4,445 respectively

ScripNameS1S2RS.R1R2Position
Nifty46904728474947614800Go long above R2,Go short below S2.
Adlabs613618622626632Go long above R2,Go short below S2.
Cent. Text716722727731738Go long above R2,Go short below S2.
DLF600606610615621Sell On rise
Icici Bank825832837842849Go long above R2,Go short below S2
Infosys14571471148314981508Go long above R2,Go short below S2
J P Asso.216219221223226Sell on rise to R2
Reliance23802400241824352458Go long above R2,Go short below S2.
Rel.Cap12101222123112401252Go long above R2,Go short below S2.
SBI16651680169417081723Go long above R2,Go short below S2
Tata Steel669674679684690Go long above R2,Go short below S2.
Nucleus Software Buy above 200 tgt 210,225
IDBI Buy at Decline SSL 88 tgt 99,105
WalChand Industires Buy above 400 tgt 450, 480 in a week
IGL Buy SSL 120 tgt 128, 131, 135