TREND FOR 27th JULY

As expected the RBI raised the Repo & Reverse repo rates & the markets dutifully plunged in negative territory, thus the Nifty may now slip to 5526 - 5500 & on the upside may move up to 5606. Long positions should be avoided till the markets digests the rate hike, however compulsive traders can take long positions in BAJAJHLDING for a target of 775, GIPCL for a target of 89, WIPRO for a target of 454, JSWSTEEL for a target of 900, STAR for a target of 410, IPCALAB for a target of 352.
                                                                       CHEERS !!!