“BUY MARUTI
ABOVE 5300 TGT 5340/5365”
FOR MORE CALLS
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Primary trend of the stock is bullish and It is
expected to continue the bull run with the crossing of the resistance level of 5300,
as the stock is sustaining above its 22 & 55 days moving averages. with the
RSI of 51. it is likely to show fresh
buying with the crossing of the resistance mark of 5300, where one may initiate
the long position in it for the targets of 5340/5365 and with the stop loss of
5250.
Nifty eyes 8,250
level
The Sensex ended with a gain of 457 points at 26,694. The
benchmark indices opened at 26366, touched an intra-day high of 26733. and low
of 26357.The Nifty gains 144 points and closed at 8,246. It opened at 8,168 points,
hitting a high of 8,190 and low of 8,077
.Buying activity was observed in the market throughout the day, which
help the indices to have a bull run and close on a strong positive note.
Nifty bull run continues, supporting this are the upwards
run by associated indices. The
Nifty reclaimed its crucial support level at 8,200 . The nifty has also managed to break past its crucial
200-day SMA placed at the 8,190 level, which is a positive sign and could be
due to short covering amid positive global cues. The Nifty registered a large bear candle on the charts
in the previous session. It is critical for the index to sustain above the
8,055 level on the downside to prevent further damage. However, on the upside a
break above the 8,250 level is likely to lift hopes for the bulls.
TOP GAINERS: Tata Steel, Tata Motor DVR, Tata Motors, Bosch, Ambuja Cement
TOP GAINERS: Tata Steel, Tata Motor DVR, Tata Motors, Bosch, Ambuja Cement
TOP LOSERS: Infratel, NTPC,
Aurobindo Pharma, Eicher Motors
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