Nifty continues to be bullish and now the stop for all long positions is 3210. Satyam is looking bullish at current levels and it has potential of testing 845 in few trading sessions. Buy with a stop at 795. ITC can be bought at current levels with a stop at 171. TCS is heading towards 1950 region. Buy with a stop at 1845.
Feed back on BOMBAY DYEING
The scrip has closed below 450, the region that I have given as stoploss. Though my view and the target for the scrip has not changed, it is better to close the positions below 450. If it moves above 450 region, one can re-enter. If it continues to trade below 450 for few more trading sessions, then we have to wait for the right time to re-enter the scrip and the right time will be informed in my Blog.
D Sathia Moorthy
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