Global markets are trading flat to negative and FII were sellers yesterdays for Rs 1000 crores. Local markets continue to be in a range and waiting for trigger to take a direction. Crude Prices have corrected and now trading at $ 60 which will be positive for markets as well as specific sectors like OMCs, Paint and Tyre. We continue our buy on dips strategy with selected stocks. As mentioned yesterday IT and FMCG sector were positive and Metals have shown some technical pullback as well
Actionable : Buy United Spirits , Tata Steel , Bata. Titan and Exit Indusind Bank.
Nifty can be short below 11888 (THE BIG RESISTANCE OF NIFTY) WITH A TARGET OF 11820 , 11750.
Nifty can be buy above 11923( the upward movement indicate by nifty) WITH A TARGET OF 11970 12040,12100 ,12249
Actionable : Buy United Spirits , Tata Steel , Bata. Titan and Exit Indusind Bank.
Nifty can be short below 11888 (THE BIG RESISTANCE OF NIFTY) WITH A TARGET OF 11820 , 11750.
Nifty can be buy above 11923( the upward movement indicate by nifty) WITH A TARGET OF 11970 12040,12100 ,12249
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