|Buy Jain Irrigation @ 68.35, Stop-Loss 66, Target 72
|Buy Dabur @ 157.45, Stop-Loss 156, Target 162|
- Buy Nifty above 6140 with stop-loss of 6109 for the target of 6200
- Sell Nifty Below 6064 with stop-loss of 6096 for the target of 6055
# all spot levels
Nifty opened positive and made a high of 6147, but it could not sustain on higher levels and started making lower tops and lower bottoms. It made a low of 6074 and ended at 6094 with a loss of 0.32%. The Advance Decline ratio was almost 4:9.
Nifty has corrected almost 61% of its recent rally from 5970 to 6229. But we maintain bullish view on Nifty with our short term target of 6465. Thus this correction is a good buying opportunity. On the downside, it has strong support at 5970 and below that 5790 for short term.
|Prev. Day Open||6127|
|Prev. Day High||6147|
|Prev. Day Low||6074|
|Prev. Day Close||6094|
20 May from to 24 May
23 May from 8.40am to 9.30am