Stock Updates
Stock Tips For Today
If we take Fibbo level from 5300 to 4530, the correction that happened now touched 23.6% at 4700 and bouncing back.
The short trade on Saturday turned (a bit) good and closed above 4750, which in sense indicates a bounce till 38.2% level pegging at 4827. So longers can have an initial target as 4827 and if Nifty sustain at that point, we can see a bounce till 4914
If Nifty reverse from 4850 level, then the immediate target will be 4620 and selling pressure at those level will make the slide still deeper to 4530 and 4250.
Nifty may face resistance at 4790 and 4830 and 4852.
On the down side support at 4738 and 4721 are crucial once these are breached a new low is possible.
Intraday Calls
DLF(CMP.314)
BUY ABOVE 316 SL.311 TRGT.318,321,326
SELL BELOW 311 SL.315 TRGT.308,305,300
HDFC BANK (CMP.1572)
BUY ABOVE 1585 SL.1572 TRGT.1596,1601,1612
SELL BELOW 1568 SL.1582 TRGT.1560,1545,1540
HDIL (CMP.309)
BUY ABOVE 320 SL.317 TRGT.335,341,350
SELL BELOW 307 SL.320 TRGT.295,280,275
Buy CENTURYTEX
Around 475-477
Target 484-486
Stoploss 472
