Indian markets are expected to trade in a range on Monday tracking muted trend seen in other Asian markets.
Nifty has surpassed its previous swing's high of 6870 levels on Friday. Moreover, it has engulfed the candlestick of the previous nine days which makes it one of the most reliable bullish engulfing patterns.
Now level of 6,652, i.e. Friday's low, becomes very crucial and till this level is not broken the probability of a wave 3 will remain high, say experts.
stocks which are likely to be in focus today:
Financial Technologies Ltd
Reliance Industries Ltd
Dena Bank
Tree House Education
BUY' or 'SELL' ideas from experts for Monday, 12 May 2014
Jain Irrigations Ltd is a 'BUY' call with a target of Rs 97 and a stop loss of Rs 82
Dredging Corporations Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 305
BEML is a 'BUY' call with a target of Rs 450 and a stop loss of Rs 405
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