Looking at data from 2000 till date, seems the 2008 to 2009 fall might repeat. I just hope i go totally wrong when i say this. ( too sleepy so my wave count should be wrong !!! ) Looking for comments from experts
Start Accumulating Jain Irrigation at levels between 88-92 , for Targets of 120, with a SL of 86
Accumulate in the range of 80-100 for target of 185
Good bottom has been formed, it was buy from 130. Entry at 180 With a SL of 158 for Target of 330-335. It will slow down a bit at 187 range to break resistance and if thats done targets stated above are very realistic
Currently UFO is for a grab. Buy at current levels of 400- 404 range SL : 389 on Daily closing basis Target 1: 470
SL: 281 T1: 326 Should give a small rally. Stop loss is strict on this as it can continue the down trade if SL is not respected
T1 : 1520, T2: 1660 SL: 1415 on closing basis
Banking Sector looks down also indicated by BankNifty SL: 1530 T1: 1377
SL: 21701 on closing baisis T1: 20580 T2: 17650 (close below 20580 will active T2)
Go short for target of 705 Post which it would turn into a Buy
Start buying at 2400 levels for targets of 100-130 Points