Market last week remained choppy.On Tuesday NIFTY(CMP-5604.3) tried to cross 5800 but it failed.Yesterday instead of good positive cues from global markets our market corrected which clearly indicates a strong downtrend.I feel market may remain in downtrend till inflation and corruption is controlled.Which I feel may take some while say till April.Also an important event coming up,which in turn should give the government to clear it debts.For tommorow,NIFTY may come down to 5528 with a STL of 5654.
1.)TATA STEEL (CMP-650.1) - Sell for a target 629 with a STL of 660.
2.)HDFC BANK (CMP-2050.1) - Sell for a target of 2020 with a STL of 2075.
3.)SUPREME INFRA (CMP-212.75) - Sell for a target of 205 with a STL of 218.
(www.derivativestrategy.blogspot.com)
1.)TATA STEEL (CMP-650.1) - Sell for a target 629 with a STL of 660.
2.)HDFC BANK (CMP-2050.1) - Sell for a target of 2020 with a STL of 2075.
3.)SUPREME INFRA (CMP-212.75) - Sell for a target of 205 with a STL of 218.
(www.derivativestrategy.blogspot.com)
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