Dear friends,

Mild recovery??

We at Forum4CA expect a mild recovery for next 2 to 3 days combined with volatile moves. Traders should keep strict stoplosses.
Today, we expect sensex to remain positive if able to stay above 9050 for half an hour of trade. We advise you to maintain strict stoploss at 9000. Targets on the upside are 9265 or even 9600.

Yesterday’s low of 8799 is the major support. Breach below 8780 will lead to contagion effect to come into force. Trading should be restricted to frontline stocks where liquidity is not an issue.

ACC – buy with strict stoploss placed at 675. Expected targets are 710 & 730.

ASHOK LEYLAND – buy with strict stoploss at 30 for targets of 33.50 & 35.50.

AUROBINDO PHARMA – buy with strict stoploss at 680 for targets of 510 & 522.

BHEL – buy with stoploss at 1580 for target of 1670.

BOMBAY DYEING – crossover above 500 will take to 520 & 590. Stoploss at 480 should be maintained.

Have a nice day!

Best regards,

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