What’s on the Index:
Is the downtrend over ? If Nifty breaks below 5360, then that is a matter to worry as it is breaking the critical support. 2 or 3 day’s closing below 5320 will surely take Nifty to early lowes of 5175.
No need to panic in such FII selling. They will turn net buyers on reversals. When others sell in panic be ready to buy.
Contract Expairy:
As usul Nifty may be managed to expire on some options strikes.
Will it be 5400 ? Other major probabilities are 5300 and 5500.
Tips for Today
Titan – Buy with a target of 4500 in 2 Months
Tata Motors – Accumulate on every dips
LIC Hsfin – Stock waiting for the slightest upmove in market to fly
Vijaya Bank – Oversold, so it should have to come back.Read more