Market most probably will remain weak. If global cues stays weak, our market even would open gap down. In this aspect, some action may be taken with strict adherence to stop loss.
1. BALRAMCHINI: Go short if trades below 63.1 with stop loss 63.9 and profit target 61.35.
2. SBIN : Go short if it trades below 1095 with stop loss 1108 and profit target (1) 1079 and target (2) 1055
If market gets support at down level....
1. IDEA : Go long if it trades above 113 with stop loss 112.35 and profit target (1) 115.8 and target (2) 117.15
2. SAIL : As long as it trades above 135, go long with profit target(1) 138.5 and target (2) 144 and stop loss 132.
