29 July 2013

On the Indian Stock market..

The market is expected to continue to be weak during the session and may go down to the crucial support of 5770 with 5855 and 5826 as the intermediate supports.
However, if the Nifty happens to trade above the 5902 mark then it might go up with immediate resistances at 5931 and 5945 and finally 6008.
The short-term traders are advised to ride the shorts with strict stop loss at 6010.
The mid-term investors may take advantage of the weakness and bid HCL Tech at 879.75,  HDFC Bank at 627.20, ITC at 343.05 and Sun Pharma at 1056.35.

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