MARKETOUTLOOK 30-07-2014

Posted By : Kishore B.S

The expiry day selloff in market, all call writers made big money. Most of the traders were expecting Nifty will be flat to positive close but Nifty closed 70 points on downside.

Today also expects a gap down open in Nifty, SGX Nifty indicates negative 60 points.

Stock recommendation, Investment call buy Ipca lab CMP 700, target 900 and stop loss 630. A sharp correction in the stock can be taken as an opportunity to buy a stock or accumulate and wait for 6 months where we can expect 25+ returns.

 

Cheers!!
Team SMI

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