Down the memory laneTHOUGHT FOR THE DAY
As much as I enjoy success, I also need to enjoy learning from my failures.
GENERAL: - On last Thursday in the morning I had expressed my view as worst being over, not only I proved right but with strong recovery nifty closed at 4146/20.
The recovery was broad based with stocks across all segments participating. Gainers outnumbered losers with a ratio of 4:1.
Looks like it may be a start of pre-budget rally but a cautious approach is advisable before clearing week.
Nifty resistance
4185
4225
4294
Nifty support
4076
4007
3967
GANGOTRI TEXTILE, targets - 32, 32/40, 34.
GITANJALI GEMS LIMITED, targets - 252, 260.
KIRL FERROUS IND, targets - 38, 39/50, 40, 41.
RAMA PAPER MILLS, targets - 44, 45, 48.
VIMAL OIL & FOOD, targets - 40/45, 42.
GENERAL: - On last Thursday in the morning I had expressed my view as worst being over, not only I proved right but with strong recovery nifty closed at 4146/20.
The recovery was broad based with stocks across all segments participating. Gainers outnumbered losers with a ratio of 4:1.
Looks like it may be a start of pre-budget rally but a cautious approach is advisable before clearing week.
Nifty resistance
4185
4225
4294
Nifty support
4076
4007
3967
GANGOTRI TEXTILE, targets - 32, 32/40, 34.
GITANJALI GEMS LIMITED, targets - 252, 260.
KIRL FERROUS IND, targets - 38, 39/50, 40, 41.
RAMA PAPER MILLS, targets - 44, 45, 48.
VIMAL OIL & FOOD, targets - 40/45, 42.
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