Wednesday, October 27, 2010

Banks outshine again

PSU Banks are outperforming in this ranged market.
Dena bank had a spectacular closing yesterday with large volume and this stock can be accumulated at every dip.
Crew BOS has support at 185 and resistance is at 230. This stock also closed at new high.
Textile sector is another space which is outperforming the broader market. Keep Arvind  Mill on your radar.
Markets may remain volatile on the back of future and options expiry.
Nifty has support at 6030-6050 and resisatnce is at 6150

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