Markets all over the Globe seems to be on strong wicket and more money is being pumped into the riskier assets. One thing for now is sure its not a market to short its a buy on dip market.
Realty sector was beaten down yesterday and this being a high beta sector is expected to see a bounce back today.Some of the ideas are mentioned below with the caveat that I do not trade intraday because serious money is made only when one takes positional calls . We discuss the stocks to see how the swing trading ideas perform as per the chart patterns
DLF: Support - 435, target-490
Cipla: Support-280, target- 300
Yes Bank: Support -229, target- 277-300
Pidilite Industries: Support -155, target -181
FMCG sector is buzzing and Marico LTd is trading at new highs with heavy volume. I personally like to trade in those stocks which trade at new high as it is sign of strength.
Marico Ltd has support at 95 and target could be 130.
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