Nifty saw profit-booking from higher levels and could not sustain above 4,980 level. Intraday support was seen at 4,920 level. Short term trend is positive, however, medium term trend continues to be weak. For daily purpose, trend deciding level is 4,980. If Nifty shows strength above 4,980 levels, then rally to 5,025/5,060/5,100 may be seen. If Nifty does not show strength above 4980 levels then selling pressure till 4,920/4,865/4,825 may also be seen.
""Nifty is expected trade within the range of 4,700-5,100.""
Buy GSFC; target of Rs 530
Buy ITC; target of Rs 224
Sesa Goa may slip to Rs 180
Buy Jain Irrigation
Excel Crop may rally upto Rs 190- 195
Go long on Petronet LNG at current level
Larsen and Toubro a good bet
Go long on HUL, M&M, Infosys
Enter in L&T around Rs 1300
Infosys can touch Rs 2530-2540
SBI may go upto Rs 2020
Buy Reliance Industries, Orient Green Power
Buy GSFC; target of Rs 530
Buy ITC; target of Rs 224
Sesa Goa may slip to Rs 180
Buy Jain Irrigation
Excel Crop may rally upto Rs 190- 195
Go long on Petronet LNG at current level
Larsen and Toubro a good bet
Go long on HUL, M&M, Infosys
Enter in L&T around Rs 1300
Infosys can touch Rs 2530-2540
SBI may go upto Rs 2020
Buy Reliance Industries, Orient Green Power
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