Bombay dyeing. . short term move

The NIFTY continued its rise for the third day after the budget ... Woops .. I presume the extent of 'pent up' demand was quite high and it seems the 'big players' (you-know-who) seems to have liked what the FM said... After all what THEY think only matters in our markets! !

Among the Midcaps, Bombay Dyeing has been in consolidation mode for some time now and short to medium support is good at Rs.510 levels....



Consider a break above Rs 565 as a good short term buying opportunity for a target of Rs 615+ .. keep your stops near to 530.

Incidentally, many of the stocks discussed yesterday in our ITG group meeting have worked well in today's market! ...

Well, trade upside till the rally lasts... as they say "Make hay while the Sun Shines"

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
www.investogyan.com