1056 Hrs IST : Some midcaps could correct today to allign themselves with the rest of mkt. Usually the wave transcends from Blue Chips to mid caps. So this space cud b in for a blood shed today. Wactch out!
1100 Hrs IST : 4610 is a crucial level for nifty. If it does not hold, yesterday's action cudnt b termed a mere correction. Trend Reversal cant b ruled out.
(For Analysts Only : Multiple time frame charts as well as fibonacci retracement of 61.25% levels would suggest exiting beyond this level)
1115 Hrs IST : EXIDE looks very weak on charts.
1117 Hrs IST : Sugar scrips looking sweet. If mkt shows recovery Renuka & Bajaj Hind r a sure buy considering bookclosing in a next few months(Yes, its NOT in April for Sugar Indus!)
posted by support.mytradingcalls@gmail.com
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