UPDATES ON STOCK VIEWS
buy RCOM at 118 tgt 121 SL116
target achieved and asked to book profits at 121
buy shree digvijaya cement
call open - buy when you get chance since stock was locked in upper circuit today
buy idea 137-138 SL 135 tgt 141
LTP - 140.40 day high of stock 141. Book profits tomorrow at opening
buy asian paints at 485 SL 470 tgt 520
LTP - 484.45 day high 490 - call open
buy aditya birla nuvo at 1106 SL 1070 tgt 1200
LTP - 1097 day high 1123 - call open
buy tech mahindra at 1807 SL 1790 tgt 1850
LTP- 1799 stock price high after giving call 1820
buy SBI 1700 call at 34 SL 31 tgt 45
booked profits at Rs 47
buy kotak mahindra bank at 722.50 SL 715 tgt 735
LTP- 753 day high 755 - book profits tomorrow
NIFTY, BANK NIFTY AND CNX IT UPDATE
Nifty closed positive today. After falling to close to 6500 levels nifty managed to pull back closing with a gain of 10 odd points. We expect some moderation in the strength of bull run and expect some sideways movement before the nifty resumes its uptrend. Support for the nifty comes at psychological level of 6500, 6480 and 6415.
Bank nifty is continuing its strong uptrend and has closed above 12000 levels. As mentioned yesterday resistance for bank nifty comes at 12250 and the index is reaching those resistance levels. We have to wait and see how bank nifty reacts at 12250 level.
CNXIT is continuing its downtrend. Strengthening of rupee is being said to be one reason for sell off witnessed in CNX IT. The next support comes at 9650 - 9600 levels for CNX IT. Wait for downtrend to complete before buying again. Tech Mahindra is one stock we find strong among all other IT pack.
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