In Saturday given recommendations LT achieved target,HDFCBANK and suzlon came near the target but not achieved, RANBAXY did not achieved target.

MY VIEW

Already market is waiting for an event to correct, reliance-rnrl case fueled the fire.Nifty ended below 4500 levels, and to my mind this indicates a mild correction.

MARKET VIEW FOR TUESDAY

Technically, in the nifty price chart bearish pattern continues but nifty future is ended in premium, so I feel tomorrow market may trade mixed. This week in US some important data are coming. So for coming days our market will take direction from US market. Still I expect some more correction. Let’s watch what happens.

RELIANCE

Technically in the price chart a clear bearish pattern is formed and negative news is there. If market moves down we can sell this stock for a target below 2090 levels.

SUP: 2115, 1950. RES: 2261.

POWERGRID

Technically in the price chart a nice bearish pattern is formed, if market moves down we can sell the scrip confidently for the target of 114 levels.

SUP: 119. RES: 125.

HINDALCO

Technically in the price chart a bearish pattern is formed if market moves down we can sell this stock for a target 87 levels.

SUP: 91. RES: 100.80.

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