Becoming quite and simple inside is a first step towards seeing things truly.
GENERAL: -- Short term trend of nifty is bearish, in bullish market a stock with no fundamentals go up & in bearish market best one’s too go down. Hence for time being I will give only one or two tips for intraday.
Moreover in falling market intraday is very risky, best is to accumulate fundamentally good stock in small quantity at it’s every new fall or to short technically weak looking stocks.
Nifty - R1 – 4123, R2- 4164, R3 – 4192.
S1 - 4054, S2- 4026, S3 - 3985.
Tata Teleservices (Maharashtra) Ltd, targets - 24/60, 25/20, 26/10.
Welguj, targets – 118, 119/50.
WEAK STOCKS –
DABUR - has resistance at 104 & support at 96 , if broken further fall.
R1 – 101/70, R2 – 104/50. S1 – 97/10, S2 – 95/30.
Best to short at or little above R.
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