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Tuesday, 5 March 2013

Which stocks to trade on 05 Mar

A quick look at the different sectors shows that Pharma is positive in hourly charts.
IT is bit confusing and is facing pressure on rise. However Infosys , TCS could rise today.
Banks are showing some strength, ICICI, SBI could rise today.
I would recommend the below watchlist for todays trading.
1. Tata Steel – Selling is advised only below 332-330. Buying is recommended only above 336.50 for potential target of 337-339-340/
2. L&T – Ready for a bounce back after continuous fall. Buy above 1375 for a target of 1390-1400. Above 1400, L&T will rally.
3. ICICI Bank – Positive above 1060. Above 1070, the stock could touch 1095
3. Cipla - How to trade Cipla – 05 March

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