Today’s Market was saved by SBI Q1 result otherwise global market was heavily down and then IIP data wasn't up to the street’s expectation and food inflation was also higher ,overall scenario was turned negative but then sbi result came and saved bulls and made those people right who believe in buy in dips.but storm hasn't passed yet.more downside is expected with negative to flat opening tomorrow, then its Friday so trade with bit caution and don't close your eyes in falling market search for gold in it.Market may react as per these levels 5323-5348-5382 supports and 5441-5465-5499 resistances.
BUY INDIAN HOTEL AT 95 SL 90 TRGT 105.
BUY CIPLA AT 310 SL 300 TRGT 340
& ACCUMULATE DISHMAN PHARMA ON DIPS.KEEP AN EYE TOMORROW ON MNM,RAINBOW PAPERS,OMNITECH,TATASTEEL,& SBIN(SHORT ABOVE 2800).
BUY INDIAN HOTEL AT 95 SL 90 TRGT 105.
BUY CIPLA AT 310 SL 300 TRGT 340
& ACCUMULATE DISHMAN PHARMA ON DIPS.KEEP AN EYE TOMORROW ON MNM,RAINBOW PAPERS,OMNITECH,TATASTEEL,& SBIN(SHORT ABOVE 2800).
HAPPY TRADING.
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