Friday, November 25, 2011

Technical call for Day 25 Nov 2011

Market has recovered today and Nifty managed to close above 4750, it will be very interesting to see how Nifty behave tomorrow. Will it continue to rally upward or fail to sustain above 4700? that is very tricky question now, it is very much clear that 4700 level will act as a strong support for Nifty tomorrow.

We are positive on TataMotors, Apollotyre, Bank of India and GMR Infra.

We have given buy call on GMR Infra today, it is showing strength, one can hold this counter for mid to long term.

Apollotyre can be bought above 66.10 with strict stop loss around 63 for target 71.50.

Tatamotors is looking good above 176, it can move again towards 200-205 level. But long traders should keep stop loss near 170.

Call for Bank of India is only for paid subscribers.

See syllabus for Technical analysis training in Mumbai,India.

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