Hello Traders,
Nifty goes down as predicted in last post. Nifty is range bound and expect more choppy trading and more downs and ups. Now I think nifty will go down more often till 5800-5900 band.
I am giving some promising stocks here.
Bajaj Corp:
Bajaj corp has shed huge points and is in deep red. It looks promising on valuations to buy it for short term target of 240.
IndiaBulls Realestate:
As said earlier until the breakout of 63.5 is broken don't buy it and India bulls doesn't break it and traces its step back. It is at 60 now. So it again range bound again due to selling pressures and can go down up to 52. So if it goes up to 52 you can buy at dips for a range bound target till 63.
LT:
Same is the case with the Larsen and Toubro. Buy at lows since 886 is not breached and stock has become range bound. So keep on buying at lows and sell on highs. Range's lowest point is 777. Current rate is 836. Currently the rate is on support of trendline. Below this it can go upto 777.
UCO BANK:
UCO Bank didn't breach the resistance of 70 and has become range bound it seems. But keeping support at trendline @64. So keep on buying at lows. Below 64 it can go to 58. Buy for a target of 70 till it is breached.
Nifty goes down as predicted in last post. Nifty is range bound and expect more choppy trading and more downs and ups. Now I think nifty will go down more often till 5800-5900 band.
I am giving some promising stocks here.
Bajaj Corp:
Bajaj corp has shed huge points and is in deep red. It looks promising on valuations to buy it for short term target of 240.
IndiaBulls Realestate:
As said earlier until the breakout of 63.5 is broken don't buy it and India bulls doesn't break it and traces its step back. It is at 60 now. So it again range bound again due to selling pressures and can go down up to 52. So if it goes up to 52 you can buy at dips for a range bound target till 63.
LT:
Same is the case with the Larsen and Toubro. Buy at lows since 886 is not breached and stock has become range bound. So keep on buying at lows and sell on highs. Range's lowest point is 777. Current rate is 836. Currently the rate is on support of trendline. Below this it can go upto 777.
UCO BANK:
UCO Bank didn't breach the resistance of 70 and has become range bound it seems. But keeping support at trendline @64. So keep on buying at lows. Below 64 it can go to 58. Buy for a target of 70 till it is breached.
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