19/02/08
NIFTY: Resistance 5350/5380/5400
Supports 5270/5220/5200/5170/5125
VIEW: Nifty is trading in stiff resistance zone, yesterday we witnessed profit booking at higher level. Nifty sustaining and closing above 5320 will lead to 5500 ( and Global mkt should support us ). Today Asian market at the time of writing were up by 0.8-1%. So we too expect a gap-up / flat opening.
BUY:
TV-18: BUY ABOVE 362 S/L 358 TGT 367-370+
CAIRN: BUY ABOVE 319.8 S/L 316.5 TGT 322-324+
Dont be on leverage side.
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