Nifty View:
It is inevitable that there will be a gap down opening but Nifty has strong support @ 5140-5160 ( red line ). So rather shorting at these levels buy around these levels for some dead cat bounce. The next support comes in around 5085-5095 ( triple bottom at 5090 + 20 ema at 5096 ). Before 5085 there is no worry for Bulls and Below 5085 there is no worry for Bears.
Stock View: DCHL
On friday stock closed at month's high ( near the breakout level ) with higher volumes, so technically its looking very good. Buy on dips in the range of 167-170 with a stop loss of 160 on closing basis for targets of 185/190
Have a nice trading day!!
Regards
Ankit
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