Yesterday Nifty bounced back from key support levels but the correction is far from over . It needs to close above 6180 .Going forward Nifty may remain volatile as result season kiks in and may trade in a range.
Bank of India can be bought on intraday basis with stop of 524 and possible target of 538-550.
There are some stocks which are in correction mode but may come out of it and resume uptrend. Mcdowel, Exide and SRF fall into this category. Keep them on your radar . Of these three SRF looks strong on charts.
Tuesday, October 19, 2010
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