Share market trading strategies for next week

The 30-share benchmark index, Sensex plunged 771.77 points or 4.56% during the week to 16,162.06. Meanwhile, the broad based Nifty dropped 216.5 points or 4.26% over the week to 4,867.75.

Going forward the market may get crucial support at 4800, if fails to move back to 4,930 levels, then once again it can test the panic bottom at 4,720 and 4,665.

Free share tips for next 1-2 months:-


Navneet Publications India


One may go long in the range of 65-67 levels for a target of 75-80 levels with a closing below stop loss of 60 levels.

Omaxe

One may go long in the range of 137-139 for a target of 155-165 levels with a closing below stop loss of 127 levels.

SRF

One may go long in the range of 312-315 for a target of 345-355 levels with a closing below stop loss of 297 levels.

Larsen & Toubro (L&T)


Sell L&T September futures of Rs 1,594.5 for the target price of Rs 1,560 with a stop loss placed at Rs 1,611.

Maruti Suzuki India

Buy Maruti Suzuki India September futures of Rs 1,120 for the target price of Rs 1,160 with a stop loss placed at Rs 1,095.

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