Nifty Intraday Tips For Monday 4 April :-Today Nifty has closed at 5826 with a loss of 7points comparative to its previous close. My view that a minor decline up to the area of 5600 is on cards which will provide an opportunity to go long for positional traders with a stop loss of 5400 and target of 6050.lose. On the higher side market is facing major supply in the range of 5875-5920 and above that major supply is coming around 6050…On the downward side support is placed at 5700 and below that at 5600. Regarding sector in our opinion BSE-Capital Goods and BSE-Banking (few selective stocks) can out perform the broader indices while BSE-Health Care and BSE-Consumer Durable may under perform the broader indices.
Regarding stock specific approach we are bullish on BHEL.
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