“BUY ARVIND
ABOVE 410 TGT 415/420”
FOR MORE CALLS FILL UP THE FORM GIVEN HERE<<
Primary trend of
the stock is bullish and It is expected to continue the bull run with the
crossing of the resistance level of 410, as the stock is sustaining above its
200 and 50,22 days moving averages. One may initiate the long position above
the mentioned level for the targets of 415/420 and with the strict stop loss of
392. where one may initiate the short position only below 390 in it for the
targets of 380, while stop loss can be placed at 410.
nifty ENDED MARGINALLY HIGHER
Sensex ended with a gain of 79 points at 27,916. The Sensex
opened at 27,809, touched an intra-day high of 27,958 and low of 27,666.The Nifty closed almost unchanged
at 8,615. The Nifty opened at 8,607 hitting a high of 8,625 and low of 8,550.
The Nifty closed October F&O at 8,600. The Indian equity market closed flat on Thursday on F&O expiry day
amid excessive volatility. Nifty in its daily
candlestick chart has formed a hammer candlestick pattern with a lower shadow.
Indicating buyers interest at lower level. The key range for the market is now
8,550-8,650, a breakout of the same we could expect strong momentum to come
into the market.
TOP GAINERS: HDFC, Dr Reddy's, ICICI Bank, ITC, Bharti Airtel, Cipla and
HDFC Bank
TOP LOSERS: Bharti
Infratel, Asian Paints, Hero MotoCorp, Yes Bank and Zee
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