Nifty Future:

As written in my last post in 9 AM, market recovered from lows and movedup on short covering.

Market is witnessing dead cat bounce and as long as 5443 is defended, it can move to 5640. There will not be any spectacular upmove in market, and higher levels will invite selling pressure from bears.

For today’s trading:

Buy around 5542 with Stop at 5528. TGT 5610 – 5645

Stock Future:

Buy Bank India around 418 with Stop at 413. TGT 437 – 446

Buy Infosys around 2866 with Stop at 2843. TGT 2910 – 2925 – 2950

Buy SBI above 2662 with Stop at 2646. TGT 2685 – 2700

Happy Trading

C T Ramesh Raja