All global mkt look negative. Dowjones (-223).
Our mkt also open negative. But yesterday Nifty saw a tail-end recovery from 50% retracement level (of the rise from 2,252 up to 3,240), which has still kept the hopes alive in the bulls’ camp. Further on the hourly chart, if Nifty clears the hurdle of 20-hourly simple moving average (HSMA) and 40-hourly exponential moving average (HEMA) without breaching today’s low of 2,694 & In sensex take a support around 9000.
Sell Nifty tgt 2750,2700 Sl 2850
Sell PunjLLoyd Next tgt 160 rs.
AXIS bank next tgt 400rs.
DLF buy on Decline SL 200
CAstrol buy indecline SL 285 tgt 310
Lupin is inoversold zone It will saw you sart recovery in decline. Strong support zone near 475-500.
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