We had been advocating weakness and 'crying bear' and those who followed our advise yesterday of shorting below 5486 mark might have made quite a killing. Moreover, our recommended stock HCL Tech stood tall inspite of yesterday's washout.
The immediate resistance, in case of a bounce today, will be at 5329 and then at 5482.
On the flip side the support is at 5176.55.
The traders are advised to stay away on account of impending settlement tomorrow.
Mid-term investors may bid HCL tech at 927.70 & 903.35 in case of weakness in small quantities.
28 August 2013
On the Indian Stock market.
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