Sunday, 29 November 2015

Weekly market update!

In the last post, we mentioned that nifty may trade in a limited range with positive bias. Nifty traded exactly the same way we expected. On stock specific, our recommendation in Asianpaints achieved our target. 
Now nifty still seems to be moving upwards. Downside looks to be limited to 7780. There is a strong resistance around 7980 but it'll most likely be broken this week & nifty can go to 8125 or even 8200 levels.
On stock specific, we recommend going long in BHEL for target of 184 with SL 172. We recommend going long in DIVISLAB for target of 1165 with SL 1131. We recommend going long in LICHSGFIN for target of 505 with SL 473. We recommend going short in Bharatforg for target of 832 with SL 863.









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