Tit - bits

The BSE Sensex is now trading at 38,214.68 down 380.18 points (-1.04%), while the Nifty is seen trading at 11,308.45 down 94.70 points (-0.88%). The Nifty is getting classical supports at 11290/117000 levels. If this holds, then we can look for upward targets of 11500 in the coming days. Normally, during the time of "Ganpati Festival", the Indices corrects a bit. So,  there is a chance of Nifty moving in the either direction, though the likelihood of going down is more. Hence, neither take buy nor sell on Nifty. Today, is NON trading day. 

#The scrip of NFL (Rs.37) can be bought if it is able to close above Rs.37.50, with good volume. The company has huge debts and hence I would suggest a buy only around Rs.27/29 levels in any maket correction. 

#GAIL (Rs.101.65) made an intraday high of Rs.103. This stock is still,  a buy on declines. 

#Buy the scrip of Tata Steel BSL (Bhusan Steel) near the supports of Rs.22/23, for short term targets of Rs.31/32. It would be a little risky to buy at the CMP of Rs.25.65. Instead of buying immediately and taking risk, wait for the scrip to correct a bit before taking fresh positions.
However, if you are risk taking trader, then BUY near Rs.24.80/25, for the targets mentioned above. SL: Rs.21.