“BUY MINDTREE ABOVE 520 TGT 530/545”
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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 strong resistance level of 520,
as the stock is sustaining above its 22&55 days moving averages. One may
initiate the long position above the mentioned level for the targets of 530/545
and with the strict stop loss of 490.
Nifty To See Big Downfall, Hold Short Positions
Market ends marginally higher, Nifty fails to hold 8000.The Nifty closed
slightly up at 7,985, after briefly recapturing the 8,000 level. The Nifty
opened at 7,973 hitting a high of 8,023 and low of 7,942.The Sensex ended
with a gain of 61 points at 26,041. The Sensex opened at 25,960 touched an
intra-day high of 26,143 and low of 25,872.Technically, upside first intra
resistance is at 8005-10 level. Next resistance are at
8032-37,8075-80,8124-29,8154-59On downside first support is at 7952-47
level. Next support are at 7926-21,7882-77,7834-29,7804-99,7742-38,7696-92. Market is slightly in bear zone and better wait till nifty make a close above
8280 level .So today for intraday on upside intra resistance are at 8010 and
8037 level and On downside be alert below 7947 and avoid all longs below that
level as selling may intensify below that level.
TOP GAINERS: Sun Pharma,
Bajaj Auto, L&T, Grasim and HUL
TOP LOSERS: Eicher Motors,
Tata Power, HCL Tech and Tech Mahindra
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