Hi Traders,
Starting from nifty. Nifty is choppy. It is gonna range between 5800 to 6200. It doesn't seem to be breaking resistances. Global factors are also affecting it.
As for stocks. LnT is still a good stock as predicted till 900 but for future be careful as it has a strong resistance at 886. Breaking that it will cross 900 with a target of 950 and 1000. Its result is due for 18th which will most probably see a increase in revenues but dip in profits due to Forex losses and other issues. So expect a drop just in case. Would be beneficial to buy in dips because for longer term it can surge.
DCB:(Develop credit bank ltd)
DCB seems to have reached its strong resistance and this resistance has not been broken for a long time.
Would advise to short this one.
Current rate: 50.5
Target: 43-42
SL: 53
Starting from nifty. Nifty is choppy. It is gonna range between 5800 to 6200. It doesn't seem to be breaking resistances. Global factors are also affecting it.
As for stocks. LnT is still a good stock as predicted till 900 but for future be careful as it has a strong resistance at 886. Breaking that it will cross 900 with a target of 950 and 1000. Its result is due for 18th which will most probably see a increase in revenues but dip in profits due to Forex losses and other issues. So expect a drop just in case. Would be beneficial to buy in dips because for longer term it can surge.
DCB:(Develop credit bank ltd)
DCB seems to have reached its strong resistance and this resistance has not been broken for a long time.
Would advise to short this one.
Current rate: 50.5
Target: 43-42
SL: 53
IndiaBulls realestate:
India bulls realestate have given a breakout from its trendline but resistance of 64 is still not broken. May be because of result of this quarter is still not out which is pending on 22oct. Lookout for this one.
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