Nifty is trading outside the 4700-5200 range & is overbought. Today’s market move can be possible climax of * up trend.*Now lets see if *it sustains above 5200 or goes back in the 4700-5200 range again. There is a class of investors who is looking at currant market levels as “Better Exit Opportunity”. Breakout Stocks : Gitaqnjali Gems , Uco Bank , Punj Lloyd. Weak Stocks : BPCL , Siemens , Sesa Goa. Nifty’s short term trend is*up.*Nifty’s Intermediate trend is*Up. Nifty target: 5450 Resistance for Nifty : *5350, 5400 , 5450 , Support for Nifty : 5050 , 5000, 4940 ,*4800 ,*4400 , 4000. Bank Nifty is in intermediate*up trend.
Stock Intraday Tips For Monday 31 October
GITANJALI For
Intraday
Buy Above – 370.55 Stoploss – 367.20 Target – 374.60 – 380.25
sell Below – 363.20 Stop loss – 366.45 Target – 359.20 – 353.80
AMBUJACEM For Intraday Monday 31 October
Buy Above – 162.05 Stoploss – 160.60 Target – 163.85 – 166.30
Sell Below – 158.85 Stop loss – 160.30 Target – 157.10 – 154.75
Source :-
*http://www.freecashmarkettips.blogspot.com/