In our previous close we told that Nifty may face selling pressure around 5255-5265, and we seen profit booking at these levels. After a good start, profit booking at higher led Indian Indices to close almost flat.
SENSEX closed at 17472, up 11 points and Nifty at 5244, up 14 points from the previous close.
The US market also closed flat, The Dow jones closed. Dow ended up 0.1% while Nasdaq was up 0.2% from the previous close.
Asian market is down.
In today's session we expect market to attract buying at lower levels. Now trading range for nifty is around 5290-5185. 5290-5300 strong resistance zone while 5185 is good support zone for Nifty, If it crosses these range then it will show clear direction.
GEOMETRIC LIMITED: Buy around 78-80 with sl below 75 for tgt 95-100.
Indian hotel above 110 can touch 118-120 in near term.
JINDAL SOUTH WEST HOLDING above 1975.
BIRLA CORP if sustain abv 424-425 then stock may blast.
GODREJ IND. above 171 for quick gain.
Previous calls:
Bajaj Auto Fin. achieved its all tgt in single session.
PAREKH ALUM LTD. achieved tgt.
GESHIP book partial profit.
ADANI ENTERPRISES. book partial profit and hold for tgt.
KALYANI STEEL achieved its all tgt.
AARTI DRUG hold.
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