Find at least one good quality in everyone, no matter how many defects
are visible to you.
GENERAL: -- Due to short covering nifty settled at 4147.70 with a gain of 57.55 points, a new high on 25th Jan, and 07.
Wait & watch is be best thing to do. Those who go for delivery based trading can accumulate good stocks at nifty support level.
Crude oil prices rebounded on Friday and few nifty stocks such as ACC, BAJAJAUTO, GLAXO, REL, SIEMENS, SBIN, SUZLON, RANBAXY, DRREDDY, DABUR and HEROHONDA do not look good for short term.
In short mixed trends are emerging.
Nifty R1 - 4173, R2 – 4199.
Nifty S1 - 4106, S2 - 4064.
PARADYNE, targets – 117, 119.
VARDMNPOLY, targets – 126, 127.
SRF, targets – 200/70, 202 , 205/20.
STCINDIA, targets 172, 175, 180/45.
GRASIM, targets – 2959, 2972, 3040/20.
POLARIS, targets – 233,239.
TULIP, targets – 627, 639.
WIPRO, targets 672, 677, 693.
IVRCLINFRA, targets – 413, 416, 422/10.
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