Sunday, October 24, 2010


Markets are in consolidation mode and are not expected to show any major move on the either side. Nifty shall find strong resistance near 6200-6240 and support will come in at 5900. Nifty will trade in the overall trading band of 5900-6200 during the coming week as results keep coming in. Markets would trade stock specific and hence it is recommended to select stocks that are under performing and be on the buy side.

ORCHIDCHEM @ 318-320 Tgt 340 SL 314
ADANIENT @ 678-680 Tgt 724, 740 SL 660
AUROPHARMA @ 1164-1166 Tgt 1220 SL 1154

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