Dear Readers ,
We have showed in our last posting that some big movement was due and that happened . Nifty was not able to cross 5930 and broke support of 5760 which made panic selling .But question is that will this fall sustain , its unusual question as generally people say will this rise will be sustained ?
According to our view we don't see market falling below 5440 on closing basis. Just now this was one way cut in rate concern sector but I feel its too much .May as we all know is bad month for Bulls as we see history of market but this year we feel history will be not repeated . Our reports on index wise analysis will be available on weekend .
Some of value picks according to us : Vijya bank with sl 69 target 86+,
Bank nifty with sl 10554( closing basis) target 11400, 11630,
Bhel : with sl 1970 target 2390 .
Patel eng ,Sadbhav eng ,Tata steel ,Timken india, Goldyne technology.
Regards
Niftytrends Team
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