06 September 2013

On the Indian Stock market Sep6


Intra-day traders may continue to trade on the long side with strict stop loss at 5590.
The immediate support for Nifty is at 5608 below which the supports are at 5580, 5553, 5517 & 5436.
If the nifty trades above the 5590 mark then it must remain bullish with immediate resistance at 5601 and then at 5628, 5663 & 5701.
Short-term traders may add to their short positions at higher levels with strict stop loss at 5725.
Mid-term investors may add HCL Tech at 1005.75 & 981.60 in case of likely weakness in this counter. Hindustan Zinc may be accumulated at 115.55 & 107.30 in small quantities.

No comments:

Post a Comment