Nifty Tips
The equity market closed flat on the
last trading day of the week. It was a choppy rangebound session
where nifty closed flat by the of the day. NSE's index, however
managed to stay above 4900 level.
The expectation from Friday's market
when Nifty rose up significantly due to the hike in petrol prices.
Soon vanished with
the fact that any meeting on a diesel price hike was differed.
The
coming week likley to remain same. The dollar rupee battle could a
key factor to decide the market direction. Technically Nifty doesnt
seem to be in Bullish run before 5100 level.
For
Near term staying above 4950 could bring nifty up. Support for Nifty
is seen near 4870-4850.
Stock To Buy-
Buy
BPCL for the short term target of 775-790 and keep a strict stoploss
of 699
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