The Nifty seems to be 'uncomfortable' near 5250 levels and I expect major support to be 5180... Even derivatives (F&O) activity is suggesting correction. .
One side counter which may be coming out of hibernation is Balrampur Chini.
A break above Rs 84/- should give us target at 98-100 in medium term (few weeks) ... Keep a stoploss near to Rs 77/-
A few stocks discussed recently (midcaps) have given nice movements .. Stick to midcaps.
Happy Trading !
CA Rajiv D Khatlawala
www.investogyan.com
1 comment:
Dear Rajiv,
MTNL gave a neat breakout today above 57 just like you mentioned and hopefully should move towards 67 and then 73. Good job.
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