“BUY SRF ABOVE 1530 TGT
1560/1580”
“SELL SRF BELOW 1470 TGT 1440/1400”
After showing correction from the higher level, now stock is trading in
short term recovery phase, it is likely to continue the upside move in near
term with the crossing of the resistance level of 1530 as the stock is managing
to sustain above the level of 1550. One may get the targets of 1560,1580 in the
stock with the stop loss of 1470.
Fantastic Friday! Nifty reclaims 8,100 mark, Sensex
surges 456 points
Sensex which opened at 25,953.24
points, closed at 26,316, up 456 points or 1.76% from the previous close at
25,860.17 points. The Sensex touched a high of 26,244 points and a low of
25,874.45 points during the intra-day trade so far.The NSE Nifty closed
with a gain of 142 points at 8,107. The Nifty opened at 8,008 hitting a high of
8,122 and low of 7,977.Technically, A close above the 8000-8050 zone
would boost bullish sentiment, experts said. On the downside, the Nifty50 has
meaningful support near the 7,920 and 7,880 levels, but it needs to cross and
hold above the 8,050 level to get a confirmation of trend reversal after a sharp
drop over the past five weeks.
TOP GAINERS: Tech Mahindra, TCS, Infosys, HCL
Tech and Sun Pharma
TOP LOSERS: ACC, Bharti Infratel, Bajaj
Auto, Eicher Motors and Bharti Airtel
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