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BUYHDFC BANK ABOVE 1503 TGT 1540>1561 STOPLOSS 1490
BUY SONATA AROUND 33-31.50 TGT 40>42 STOPLOSS 29.50BUY ONGC AROUND 1151 TGT 1176>1190 STOPLOSS 1128
Last week sensex gains 1.9% and nifty spurt by 1.5% respectively, and market saw better than expected results from corporate .As moving head nifty had reach near the point of resistances along with negative divergences on both daily and weekly chart as shown on chart. If nifty trade above 4693 we can test 4738-4808 zones .On the other side closing below 4526 levels we can test lower levels 4423-4312 zones .
The Indian market opened on gap up on strong global cues and saw profit booking at higher level but saw smart pullback at afternoon session and close with green zones. For coming session if nifty trade above 4653 zones it likely to test 4683-4723 zones .On the other side trading below 4550 we can see sell off and nifty can test 4430-4320 levels .For long move stoploss towards 4550 zone from 4239 zones.
Last week sensex gains 1.9% and nifty spurt by 1.5% respectively, and market saw better than expected results from corporate .As moving head nifty had reach near the point of resistances along with negative divergences on both daily and weekly chart as shown on chart. If nifty trade above 4693 we can test 4738-4808 zones .On the other side closing below 4526 levels we can test lower levels 4423-4312 zones .
The Indian market opened on gap up on strong global cues and saw profit booking at higher level but saw smart pullback at afternoon session and close with green zones. For coming session if nifty trade above 4653 zones it likely to test 4683-4723 zones .On the other side trading below 4550 we can see sell off and nifty can test 4430-4320 levels .For long move stoploss towards 4550 zone from 4239 zones.
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