We said the market looked weak as it closed below the 200 dma and it went down by more than 200 points. But inspite of the weak market conditions, our stocks Renuka Sugar, Patni Comp, GE Shipping, Welspun Guj, Bharat Forge, Mastek, Everonn and Omnitech reached their targets !!
Today market is likely to be choppy as the inflation figure will be announced by noon. The market is in a poor shape and chances are if the inflation figure is very high, market may not take that very kindly.
Best Policy to trade is to light and keep your positions hedged.
Sensex Resistance 17141-17212-17413. Support 16996-16871-16683.
Nifty Resistance 5112-5143-5163. Support 5042-5018-4991.
Today market is likely to be choppy as the inflation figure will be announced by noon. The market is in a poor shape and chances are if the inflation figure is very high, market may not take that very kindly.
Best Policy to trade is to light and keep your positions hedged.
Sensex Resistance 17141-17212-17413. Support 16996-16871-16683.
Nifty Resistance 5112-5143-5163. Support 5042-5018-4991.
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