equityresearch
Equity Research
Banking and select metal stocks are showing strong resilience and can be bought on dips. Nifty as closed at a very crucial level and if it breaks 4775 with huge volumes then we believe that this trend could get weaker and we could test 4720 or 4680. And in the medium term support exits at 4560, unless nifty breaks below 4560 with huge volume this trend is safe and every dip is a buying opportunity. Resistance is at 4900; if this level is breached with positive market breadth and huge volumes then the next target is 5050.
http://www.nirmalbang.com/Upload/Morning_Call_150909.pdf
http://www.nirmalbang.com/Upload/Morning_Call_150909.pdf