Talking on the forward movement and direction of the market, founder of TradeBizz Research said that the market has changed the range. The Nifty has a big support at the bottom of the 11000 level. Since there is a boom in the market, then the upper range of the market will be around 12000 level. In the next 3-4 months, the level of 12000 in the Nifty is possible. The good quarterly results in this rapid growth of the market have contributed a lot.
According to TradeBizz Research, in spite of the weakness in the rupee, not surrendering the market is a very good sign in itself. FII flows can also be seen growing in the forward market. Our Stock market Analyst outlook on the market is positive, he believes that the pace of the market will continue even further. Sanjay Sinha also believes that RBI can increase rates by 1.
Call of TradeBizz Research 01:20 pm
J Kumar Infra: Buy, Stop Loss - Rs 227, Target - Rs 242
Maruti Suzuki: Buy, Stop Loss - 9190 bucks, Target - 9300 rupees
HDFC Bank: Sell, Stop Loss - Rs 2100, Target – 2035
12:00 pm call of TradeBizz Research
Bank of India: Sell, Stop Loss - Rs 94, Target - Rs 88
Tata Motors: Sell, Stop Loss - Rs 265, Target - 250
Marico: Buy, Stop Loss - Rs 368, Target - 384
9:40 pm call of TradeBizz Research
Kotak Mahindra Bank: Sell, Stop Loss - Rs. 1265, Target - Rs. 1200
SBI: Sell, Stop Loss - Rs 309, target - Rs 295
Strides Pharma: Buy, Stop Loss - Rs 482, Target - Rs 500