I think tiredness probably sums up the week. It just made an attempt at the peak at 4,650 close above that and then just went completely limp, not getting too much support by way of global cues or money flows. The other big story of the week is the way the breadth has flagged off—trading stocks are not making money; most liquid stocks have come off.
I think next week is going to be a very important one because it will not continue like this very long that the Nifty hangs around 4600, midcaps keep correcting and we still get an illusion that we are trading at 15,500. Either we will cross that hurdle and go to 5000 Nifty or the market will give back, if not majorly, it will go back to 4400 once at least.
So let us see. We will find the answer over the next couple of days but then the note at which the market is closed I think it has mixed it up a little bit for the bulls.
STOCKS FOR THIS WEEK
Bajaj hindustan at 221 tgt 240 sl 210
ifci at 51 tgt 58 sl 49
ks oils at 58 tgt 68 sl 57
hindalco at 100 tgt 115 sl 95
above Rs 220, Sesa Goa can go upto Rs 325-330.
Chambal Fertilizers, strong, Rs 60 is a good support here and you could see Rs 90-95
best wishes
I think next week is going to be a very important one because it will not continue like this very long that the Nifty hangs around 4600, midcaps keep correcting and we still get an illusion that we are trading at 15,500. Either we will cross that hurdle and go to 5000 Nifty or the market will give back, if not majorly, it will go back to 4400 once at least.
So let us see. We will find the answer over the next couple of days but then the note at which the market is closed I think it has mixed it up a little bit for the bulls.
STOCKS FOR THIS WEEK
Bajaj hindustan at 221 tgt 240 sl 210
ifci at 51 tgt 58 sl 49
ks oils at 58 tgt 68 sl 57
hindalco at 100 tgt 115 sl 95
above Rs 220, Sesa Goa can go upto Rs 325-330.
Chambal Fertilizers, strong, Rs 60 is a good support here and you could see Rs 90-95
best wishes
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