Diwali Special - November 2020

Chirag Batavia • 5 November 2020

Diwali Special - November 2020

NIFTY VIEW
Benchmark Nifty is rebounded sharply after hitting the levels of 7510 in the month of March 2020. The index is in the third leg of major corrective pattern. It is correcting after hitting the crucial and psychological mark of 12000. Until the market is above the level of 10800 (previous significant bottom), Nifty would keep rallying. Below 10800 levels Nifty would lost its momentum and may even fall to 10300 levels. On the decisive crossing of 12400 levels would lift the Nifty to 13300 levels.

INFOSYS TECHNOLOGIES
BUY 50% AT 1097 AND BUY - BALANCE AT 960. TARGET 1400. STOP LOSS 850.00 (Time Horizon – 3 months)

CIPLA
BUY 50% AT 778 AND BUY BALANCE AT 700. TARGET 840. STOP LOSS AT 650. (Time Horizon – 3 months)

BRITANNIA INDUSTRIES
BUY 50% AT 3483, BUY BALANCE AT 3200. TARGET 4050. STOP LOSS AT 3000. (Time Horizon – 3 months)

ICICI BANK
BUY 50% AT 431, BUY BALANCE AT 375. TARGET 500. STOP LOSS AT 350. (Time Horizon – 3 months)

DALMIA BHARAT
BUY 50% AT 838, BUY BALANCE AT 770. TARGET 1075. STOP LOSS AT 700. (Time Horizon – 3 months)

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