Nifty 50 today made little bit correction which was supported by global market, but bears totally failed to bring down 11200 and got rejected at 280 support level.
going towards long positions for next expiry nifty looks bullish side and can make immediate 11500+ initial target with final one 11600/-
BankNifty stayed flat today overall and doesn't showed any movement of upside or downside. Next week expiry will be interesting to watch, 22400+ can make quick move towards 22700+ on the downside 22000 can drag towards 21750/21500.
VIP Industries ltd given strong break out level at 280 today and successfully closed above the levels. we can also seen huge strong buying volumes in past couple of trade.
one can accumulate at CMP with immediate target for 360/-
Larsen & Toubro today posted very bad results with 79% slumps in business and also stock looks heavy selling due to pressure. one can accumulate for short position with target 850/ & 800/- with stop loss 940/-