Nifty 4650-4670 is the band of support which was almost tested today.
Sensex almost touched the 200 dema and saw a good recovery from the zone. Investors with a view of 1-2 months can continue to accumulate stocks with a closing stop on 15300-15400. Upsides to 16600/17k is possible over the next 1-2 mths. Continue to keep booking partial profits on rise to reduce acquisition cost. Leverage can also be used arnd 15600.
Best Regards,
Nooresh
