Profit booking on the 26th of March lead the markets up towards 5294 the target for Nifty that we had mentioned.
Ashok Leyland moved up on the cash market towards Rs.54.70 , There is strong resistance which lies at Rs.55.00 once this is broken it would lead towards 56.90 and Rs.57.
Rpower Is a good buy only above Rs.150, With targets of Rs.156.80 in a few days time.
Maintain a stop loss at Rs.147.
Reliance Industries looks good above 1109 with a target of 1135. Stop loss at Rs.1097
Market Outlook :
Markets will open with a big gap, and the market looks positive, sensex as we said earlier has resistance at 17769- 17790 level(s).
It is also possible that we could test new high's from the market crash.
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