Recent FII-led upswing and points out that it was just a correction from the underperformance, market has to face strong resistance around 5,690 levels in the near-term. However, there are chances of the 50-share index moving up to 5,690 mark if the first quarter earnings of FY12 are robust. The markets resistance are hesitating near big. The lacking downward move is currently with pressure, News is good news in the short-term for bulls but today’s session is probably going to be different. If it breaks 5,620 on the market could be some short-term pressure to downside. If 5,620 holds the market is lacking pressure to wards down, For the short-term is up , who is going long should hold on to their longs and there could be little more upsides possible over the coming days.
FOR TO DAY TARGETS ON SOME STOCKS
BUY CESC TARGET 323 STOP LOSS 319
BUY ITC TARGET 190 STOPLOSS 186
BUY HDIL TARGET 169 STOPLOSS 161
BUY THERMAX TAR: 619 STOPLOSS 589
OPTIONS
BUY CALL 57OO
BUY PUT 5700
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