dollar index is on the verge of breakout , strength against all currencies has been observed which suggest we can see a significant retracement in usdinr chart (weak inr ).if we correlate things and sumup we might see a correction in nifty so trade cautiously with strict sl.
on quarterly chart 2170 is very strong support . invest in tcs in range of 2200-2500 for 2- 3 years . sl will shift upward. chances are IT INDUSTRY WILL SURPRISE everyone in coming years.
on weekly charts bhel has given a breakout , we can expect 190, 194. buy with sl of 155 cmp 158
buy cummins india with 920 sl for 1000 target NSE:CUMMINSIND
mrf in weekly chart broke flag pattern last week above 54200. target of flag pattern is 70000+ level. one can invest between 54000 - 58000 level for 70000 target
as explained earlier stock is moving as expected . trevised target is 1700 .