Last week,NIFTY(CMP-5395.75) closed near its 5 month low.Bad sentiments and global recovery is diverting FII's interest from the Indian market.But remember,India story is based on strong fundamentals,so one should buy in this market slowly and steadily.The overall trend for near term in the market is down.On NIFTY keep a STL of 5457 and go short,say for a target of 5314.
1.)TATA MOTORS (CMP-1150.85) - Short for a target of 1128 with a STL of 1164.
2.)L&T (CMP-1570.05) - Short for a target of 1556 with a STL of 1584.
3.)SHREE RENUKA SUGAR (CMP-89) - Short for a target of 86.6 with a STL of 91.
(www.derivativestrategy.blogspot.com)
1.)TATA MOTORS (CMP-1150.85) - Short for a target of 1128 with a STL of 1164.
2.)L&T (CMP-1570.05) - Short for a target of 1556 with a STL of 1584.
3.)SHREE RENUKA SUGAR (CMP-89) - Short for a target of 86.6 with a STL of 91.
(www.derivativestrategy.blogspot.com)
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