 "Equity fund managers, Stock markets, Indian stocks")
NIFTY BUY
TARGET: 10,900
STOP LOSS 10,640
Nifty has closed well in the positive territory on the F&O expiry day which indicates that the short term trend has reversed from down to up. It has also taken off its previous swing resistance thus confirming the higher top and higher bottom formation. The momentum indicators although are in sell mode which is a negative sign for the bulls, however, the price action indicates that the probability of wave III of 5 up is quite high. The short term target comes to 10900 whereas the stop loss can be pegged at 10640 levels.
Buy GODREJ INDS
TARGET:
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