After breakout from the descending channel Nifty has continued the uptrend . Hold long positions for the target of 8667 and above .
Havells
Havells is taking support at 50 DMA . As long as it is above 50 DMA trend will be up . So medium term investors can buy and hold havells for a target of 315+
If Nifty closes below 8200 buy 8100 put option . Expected targets are 8100-8050-8000 and much below .
Monday, 11 May 2015
Uptrend resumed
Since nifty has closed above 8300 (spot) we can say that uptrend has started once again 8500 is the minimum expected target . Stop loss close below 8100 . Buy 8400 call option .
In the last week Tata Motors has closed above 20 WMA which is a bullish sign . Buy tata motors at cmp and hold as long as it is above Rs.540 target is around Rs. 600