RECAP:
Readers who shorted NF and ICICI would have made a killing in yesterday's trade.
MARKET OUTLOOK
There could be lot of stock specific action in today's market.
PNB looks good for long trade in intraday time frame.
995 will be strong support for PNB today. Reversal from this level will take PNB to 1015, 1025 and 1040.
Opening hour low should be maintained as SL for this trade.
HINDZINC on the other hand looks weak.
If HINDZINC breaks and trades below 1230, it may retrace to 1242.
That being the case, hindzinc can be shorted at 1242 with SL at 1258 for targets 1210, 1190, 1175.
NEXT: Nifty outlook 13th April
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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