“SELL ZEEL
BELOW 520 TGT 500/480”
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Primary trend of the stock is bearish. It is expected to After
showing correction from the higher level, , it is likely to continue the downside
move in near term with the crossing of the support level of 520 as the stock is
managing to sustain below the level of 520.
One may get the targets of 500,480. in the stock with the stop loss of 542. charts,
it is likely to show correction with the breach of the support level of 520.
sensex, NIFTY ends flat ; nifty above 8600
The Indian stock market recovered
from the previous session's multi-month low and closed marginally higher with
financials gaining on the prospect of further rate cuts after inflation cooled
to a 13-month low in September. Sensex ended with a gain of 30 points at
28,507. The Sensex opened at 27,712, touched an intra-day high of 27,764 and
low of 27,548.The Nifty
closed with a gain of 10 at 8,583. The Nifty opened at 8,594 hitting a high of
8,604 and low of 8,549.80. The Indian stock market recovered from the
previous session's multi-month low and closed marginally higher with financials
gaining on the prospect of further rate cuts after inflation cooled to a
13-month low in September. Technically ,
Nifty 8680 then it will lead as resistance levels, above 8680 will take the
indices upside towards 8750/8800 . A strong break (close)below 8550
will increase the downside pressure and drag it to 8500,8300. Traders can go
short on a break below 8550 with a stop-loss at 8680 for the target of 8500/8400.
TOP GAINERS: GAIL, L&T, Tata MotorsDVR,
Tata Motors, RIL, BPCL
TOP LOSERS: Zee, Bharti Infratel, Infosys, HUL, Eicher Motors and
Idea 