BHEL :
BHEL dropped down more then 5% in a day but Auto support market. Sell BHEL with a target of Rs 1880 and stop loss of Rs 2020, says Ashwani Gujral, technical analyst.
RIL :
Weakness in RIL and negative cues from Asia took their toll on the markets, with both benchmark indices losing about quarter of a percent.
There was good upward movement in auto and some banking counters, which lent support to the indices. The Sensex closed at 18744 (provisional), down 71 points from its previous close, and the Nifty closed at 5631 (provisional), down 20 points. The CNX Midcap index was down 0.4% while the BSE Smallcap index gained 0.2%. The market breadth was positive with advances at 655 against declines of 645 on the NSE
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markets will bottom out soon, what we are witnessing is capitulation, its a screaming buy for accurate forecasting of Indian markets please visit http://www.kalpeshmaniar.com
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