NIFTY PERFORMANCE:
Nifty had a day of consolidation, even though Global Indices and WPI numbers are encouraging. But it has halted at weekly trend line support area of 8150. Total day Nifty played below its pivot levels. As every opportunity is using to sell by investors, Nifty could not recover much even with Europe Market support. As 19th FDI investment meeting is going to held on infra projects and Advance Tax Figures are going to report, stock specific action can be much more awaited in this week.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
TATAMETALIK: BUY > 134 TRG 141/152 SL 131
Actual: Low: 136; High: 145.70
RELIANCE: SELL < 892 TRG 872 SL 904
Actual: Low: 872.40; High: 880.90
LICHSGFIN: SELL < 442 TRG 430 SL 450
Actual: Low: 431.10; High: 443.65
We wish you happy trades.
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