Hope that 4800 level will be sustained. . .
Nifty 4800 achieved.
As discussed earlier Nifty target of 4800 is achieved. This is not to say that the sell off will stop. Nifty closing bellow 4800 means we can see the 4000 level.
Hexaware buy on dips
Hexaware have given breakout above 80 level with good volume. Now on the reaction it has taken support at the same level. So it is now resistance turning support here. One can buy hexaware on dips with the stoploss of 74.
Suzlon below support
I had posted earlier Suzlon was a candidate for bullish divergance. I have dropped below its long term support of 43. This indicates the stoploss have been hit and one must exit the stock
Nifty below 5200 not good sign . . .
As can be seen on the chart there is an ongoing down trend line for Nifty. Also now that the Nifty has broken the support it took at 5200 the next target is 4800.
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