Market to be choppy -be carefull book profits..

Market to be choppy -be carefull book profits..
for HAPPY DIWALI....

Nifty (5428) Sup 5329 Res 5466

Buy Hero Honda (756) SL 750 Target 769, 772

Buy Bharat Forge (290) SL 285 Target 299, 301

Buy ACC (1251) SL 1238
Target 1278, 1283

Sell NDTV (365) SL 370
Target 357, 355

Sell Cummins (428) SL 433 Target 420, 418

Bulls and bears set to battle

After Friday’s fall, the bulls may have rested over the weekend hoping it was just an aberration. Bears too got an opportunity and are unlikely to easily give in to the bulls in the coming week. For the day, we see a positive opening on the back of encouraging signals from the US market as well as rest of the world. But the current choppiness is here to stay. Reliance may have not announced a split/bonus as many market participants would have wanted to. But, the results day may spring some surprise. So watch that counter closely. Also keep an eye on RCOM, as the company is likely to make a slew of announcements.

What remains to be seen now is whether the bulls will resume their shopping spree this week as the pace of the result announcements accelerates. As has been the case over the course of the past two months or so, much will hinge on the liquidity factor. As long as the FIIs are pouring money into Indian stocks, the bulls will remain in complete command, barring an odd bad day in office like it was on Friday.

Once again I suggesh be carefull book profits for
happy diwali..
trade safe

Kalpesh Patel