AFTER THE BELOW EXPECTATION NUMBERS BY AXIS BANK, INDIAN MARKETS TRADED IN DEEP RED, NIFTY -90 AND SENSEX -250 ALONG WITH THE ASIAN PEERS, HOWEVER THERE WAS SMART RECOVERY IN THE LATER PART OF THE DAY AD MANAGED TO CLOSE A BIT LOWER, NIFTY AT 5868.40(-6.10) SENSEX AT 19545.35(-38.96). MARKET RECOVER AT THE END SHOWS THAT MARKET IS IN RANGE OF 5700-5900, WHICH WAS SAID EARLIER. BUYING IN MID-CAP SHARES SHOWS THAT MARKET IS UNDERTONE BULLISH. ANALYSTS BELIEVE THAT NIFTY WILL HEAD HIGHER TO 6040-6100 SOON IF NIFTY STAYS ABOVE 5900 FOR FEW SESSIONS NOW. HENCE NIFTY COULD HEAD HIGHER TO 6100-6300 BY MAY JUNE. SELECTIVE BUYING IN MID-CAP SHARES MAY GIVE GOOD RETURNS BY NEXT 45-60 DAYS.
Safe Harbor
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
DELIVERY BASED BUYING COULD BE DONE IN THE FOLLOWING COUNTERS FOR 45-60 DAYS HOLDING:
1. WANBURY(34.35): TARGET OF 56-60
2.GATI(70.10): TARGET OF 85+++
3.AARVEE DENIM(64.85) TARGET OF 80++
4.STERLITE IND(183.50) TARGET OF 196-200++ BY NEXT 10-15 DAYS
5.3iINFOTECH(47.40): TARGET OF 52-53++ SOON.
6.AMARA RAJA BATT(194.85): TARGET OF 210-212+++ VERY SOON
7.GILLANDER(109.50): TARGET OF 140-145++
8.INDIA SECURITIES(58.15): TARGET OF 67-70++ VERY SOON.
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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