DAILY REPORT FOR
NIFTY (4942 +112 pts)
Supp 4895/4825/4780 Res 4990/5020/5060
SENSEX (16371 +356 pts)
Supp 16230/16090/15800 Res 16500/16675/16890
· Markets are expected to open flat and test of around 4890 levels is possible in early trade. One should trade long with caution if we go below that level.
· This move can take us towards 4990 and 5020 in a day or two. Stocks have started moving well and it is advisable to take profits when they are handsome.
· Exide (68):- Buy with SL of 63 Tgt 76-78
Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.