Author - value rupee

Select stocks are in oversold positions & therefore intraday rebound can’t be ruled out & at the same time Select Mid-cap Stock will continue to fall.

NIFTY FUTURE : Last close 10658.25 Technically, Nifty Future is finding continuous support at lower levels indicating a clear buying pattern and accumulation at lower levels…. On the upper side one can expect a test of 10706 at higher levels. There could be a major profit taking led sell-off at higher levels but unless it goes below 10595, there is no danger to this upswing. During intraday if breaks 10595….then expect sharp slide upto 10556 mark in minutes…!!!

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BTST : OVERNIGHT TRADERS BUY BALKRISHNA INDUSTRIES

BALKRISHNA INDUSTRIES……now at 1073…….Worst is over for this counter……Huge buying at lower levels…..Today only stock has shown reversal from lower levels……Best stock for BTST traders…..Do not mis…..Protect long keeping stop loss of Rs.1057……Our target tomorrow is Rs.1095…..Buy & stay invested overnight…!!!

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Double Dhamaka : Grab GODREJ CONSUMERS & GODREJ INDUSTRIES

GODREJ CONSUMER : Last close 1227.10 Now, buy this stock with a stoploss of Rs.1212 for an upward target of Rs.1244. Crossover and close above this will take the stock to Rs.1260…!!!

GODREJ INDUSTRIES : Last close 626.50 From the current level it looks stock could spurt upto Rs.637. Cross over this may take this to Rs646. On the down ward side, strong support at Rs.615.

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BUY SUNPHARMA

SUN PHARMA : Last close 565.90 Technically, stock is going to explode from the current price non-stop to Rs.574 & Rs.586. We may not be surprised to see the stock cross Rs.600 mark in coming days !!! Just buy it keeping stop loss of Rs.557…!!!

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