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Watch Nifty
Ø Nifty and Bank Nifty corrected slightly. It was expected, keeping in view that it was near its all time high of 6357. Nifty's next target is 6600 (+/- 50 pts.) and a close above 6360 will give it the necessary thrust. In the meantime, one has to take a reaction for a couple of sessions in one's stride.
Ø Nifty's resistance for 09/11 is expected around 6360 (+/- 10 pts.).
Ø Cement and sugar sector scrips moved up well. ACC was recommended by us when it was reacting and around the support levels and thereafter almost on alternate days. Ambuja Cement was recommended by us even as recently as 26/10 above 146/50. ACC can be accumulated above 1140 and Ambuja Cement above 166.
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