NIFTY PERFORMANCE:
Today Nifty made one more record high and closed at 8530. Positive news from Peer Markets and with Expectations of Positive News from our Economic Front, traders are in jubilant mood with out caring much about the Market Cost (21.7 PE). As market is driving by positive expectations and news, this momentum will be short lived and correction will be sharper, we advise to maintain SL.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
HINDALCO: Buy > 159 Trg 162/164 SL 157
ACTUAL: LOW: 162 HIGH: 168
SUNTV: BUY > 320 TRG 325 SL 317 (OR) SELL < 309 TRG 302 SL 316
ACTUAL: LOW: 316.10 HIGH: 327.50
GODREJIND: SELL < 288 TRG 284 SL 292
ACTUAL: LOW: 283 HIGH: 291
We wish all the best for next trading.
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