Market has made sound recovery after going into red in the morning session particularly due to tumbling of bank and metal stocks.
Some possible action for 3rd May
If overall sentiment remains positive
1. SBIN : Go long if it stays above 1100 with profit target of 1160. Keep stop loss 1098.
2. Infosys : If Dollar continues to appriciate, Go Long with Stop Loss 1992.
If overall sentiment remains negative
1. Hindalco : Go short as long as it trades below 148 with stop loss 149.7 with profit target of 123 if market sentiment remains bearish for next few days.
