After hitting ATM Infosys 1848 corrected 100 points during market consolidation. NIFTY IT bleeding since couple of days which affected IT major stocks like Infosys. One can bet from here CMP 1753 for a target of 1875 for coming days for short term with stop loss of 1700.
Still Bank Nifty not giving proper break out above 36350 levels but today successfully tested above 36000 ! one can bet long from this levels unless it breaks 36k range.
Today 35700 strong support is ruled out as Bnifty traded above 36k . One can bet for 36500 & 37000 target in coming days.
This target is invalid if crosses below 36k
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/-