Nifty near term target is 4600-4700 with a stop loss of 4350, In the short-term, Nifty target is 4950 as a bottom seems to have been formed at 3930-4550, . The medium term target for Nifty is 5200,
The corporate results today were encouraging and it shows that things will improve going forward, Global investors would now look at India favourbly and an earnings upgrade is also possible, Our market looks good with a slight concern from monsoons, if they pick up then the market would rally higher, Tomorrow if RIL results (to come out after market hours), are good, market could head to Nifty 4600 on Monday and if that is crossed we are headed highe
Buy IDBI
with a target of Rs 140
and stop loss of Rs 90,
The stock is currently trading at Rs 103
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