2nd quarter numbers started coming in and markets are witnessing profit taking on solid corporate performance. Nifty finds strong resistance above 6200 in the near term while immediate support comes at 5930. The correction may extend even towards 5780 in an adverse market. Markets would still trade stock specific and one must look at buying specific stocks on this correction. Laggards may get accumulated and may start moving up in the coming weeks.
ORCHIDCHEM @ 298-300 Tgt 340 SL 290
ADANIENT @ 678-680 TGT 724, 740 SL 660
RCOM @ 180-182 TGT 168 SL 185
INFOSYSTCH @ 3070-3080 TGT 2900 SL 3120