Hello friends,stay away from the market,some unusual things are happening.NIFTY(CMP-5757.70) is outperforming the global markets on downside[:-)].What I can suggest is short ideas..
L&T (CMP-1781.7) - Sell for a target of 1730-1720 with a STL 1800.
HDFC (CMP-654) - Sell for a target of 640 with a STL of 665.
HINDALCO (CMP-221.65) - Sell for a target of 210 with a STL of 226.
For medium term investors,look out for levels of 5690 on NIFTY.It should hold or you may see a further correction upto 5639.
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