Always Trade in the direction of the trend with reasonable stoploss and never against it.
On Tuesday Indian market opened positive because of positive global cues, After a Volatile session closed positive with marginal gains. Sensex up 40 points closed at 17451 & Nifty up 20 points closed at 5225 from the Previous close.
The US markets have closed in the negative Zone. Dow has ended down 0.5% while Nasdaq was down 0.7% from the previous close.
The Asian markets are trading with modest gains. Nikkei has edged higher while kospi has clocked gains on financial stocks.
Today we expect highly volatile session because of Derivatives expiry & Inflation data.
Nifty will face selling pressure at higher levels, Nifty holding 5200 level in last 2 sessions, If Nifty break it then it will test 5180-5160 levels.
At higher levels Nifty has Strong Resistance at 5290-5310, If Nifty able to cross 5325 then we will see new high in Market, It can touch 5400-5450.
Stock For Watch:
RPG LIFE SCEINCE LTD.
Buy around 80-82.5 with sl below 77 for tgt 92, and If crosses 92 with volumes then it can touch 108-118.
TATA ELXSIS LTD:
Buy around 331-336 sl 323 tgt 355-360, If crosses 365 with volume than it can touch 400-410 in near term.
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Strong support at 170 & also given pull back sign,Risky players can buy around 174-178 with sl 168 for tgt 188-195.
.The India Cement LTD.:
Buy around 132-133 sl 129.5 tgt 138
NELCO LTD:
Buy if Sustain above 133 with sl 125 for tgt 145-150+
JSWSTEEL Can touch 1300-1310 in near term.
Grasim looking weak on charts can touch 2760-2750 in near term.
Previous Calls:
Cairn Achieved its all tgt.
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