BUY LUPIN ABOVE 1295 TGT 1315/1330 SL 1265
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 1300 as
the stock is managing to sustain above the level of 1300. One may get the
targets of 1315,1350 in the stock with the stop loss of 1265. Primary trend of
the LUPIN is bullish.
first resistance level seen on charts at 1326.
DAILY CHART FOR LUPIN
Go Short Only If Nifty
Closes Below 9367, Until Then Hold Long
Technically, Nifty is still in positive
zone. Nifty would enter into negative zone once it closes below 9367 levels .whereas
BankNifty would enter into negative zone if it closes below
22629 levels.
Traders can hold long positions until Nifty manages to close above 9367 levels.
Currently market is holding its important support levels of 9440-9400 for Nifty
and until then trade is to go long at dips. Once Nifty closes below 9367 levels
and BankNifty closes below 22629 levels, traders can initiate fresh short
positions.The support for the Nifty is 9440-9400-9370-9350-9320 and the
resistance to the up move is at 9460-9480-9495-9500-9550 levels.
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