NIFTY AT 4140 HAVING MULTIPLE SUPPORTS..............
Nifty after making a low of 4144 saw huge short covering. We advised yesterday to sell if Nifty starts trading below 4140 but this did not happened & all the stocks which were looking weak gave fresh breakouts. A trend revesrsal can be said if Nifty closes abv 4225 for minimum 2 to 3 trading sessions. If sustains 4225 then 4250 & 4280 , supports at 4180 & 4140
Reliance pack looking good for short term.
Banking sector wil in lime light for next few trading sessions.
The stocks with upward bias are, Ril, Rel cap, Rcom , Rpl , Rnrl, Sterlite inds, Sbi , Icici Bank, Educomp, Niit Tech , Niit ltd, Zf steering , Dcb , Aia Engg , Punj llyod , Gulf oil, ICRA, Unitech , Grinwel norton , Crest Animation, India Info, Guj Nre coke
Good Day Ahead , Happy Investing
MARKET COMMENTRY : ( UPDATED IN LIVE MARKETS )
Nifty spot at 4250 now which is immediate resistance above 4225 , next resistance is 4280.
Stock specific looks good. Stocks with fresh breakout are Tulip it , Grindwel norton , Gulf oil , Punj llyod, Sterlite inds, Icra, Dish tv, Inox Leisure
Positional call for delivery : Buy nirma cmp 186 sl 178 tg 192 , 198 short term.
