L&T downward target achieved

Target for the breakdown call given on 29 sept is achieved. However this does not says that the trend in L&T has turned bullish. But 900~1000 level will see good amount of support.

Gold have broken up trend

Gold have broken 1600 USD and that means that it is going to cool down. Target 1400 USD must be possible.

Nifty Pull Back

As given earlier the level 4700 acted crutial for NIFTY. We cannot conclude that the current rally is a reversal of Nifty. But it is surly having the target of 5400.

If nifty goes above 5400 we can clearly say that it has reversed with the tripple bottom but till then 5400 will be the level to watch.

L&T pull back

Current pull back rally will take L&T to 1395 & 1460

L&T has taken support at 1150~1200 level and have pulled back with good volume. Though there is no clear trend reversal but further downside can only be established if it closes below 1150.