As expected, Nifty failed to hold above 6200 and corrected despite strong global markets. The overall direction of the markets would depend more on the 2nd quarter results and guidance from the corporate. Overall market sentiment shall remain positive and hence one should trade stock specific. Our markets may turn volatile due to results season and uncertain global clues. One must remain light on the positions and trade stock specific.
BANKBARODA @ 924-926 TGT 982 SL 916
CIPLA @ 335-336 TGT 361 SL 330
HINDALCO @ 212-214 TGT 222, 239 SL 206
RELIANCE @ 1055-1060 TGT 1200 SL 1030
AUROPHARMA @ 1100-1110 TGT 1210 SL 1085