Wednesday, March 22, 2006

NIFTY STILL BULLISH, STOP 3210

Though Nifty reacted sharply after testing 3292 region, the trend continues to be bullish. Hold your long positions with stop at 3210. The next short term target for Nifty is around 3400. My previous view on Satyam still holds good. Those who are having long positions in this scrip can continue to hold it with the same stoploss. Fresh buying can be done in ITC with stop at 175.

TCS could also rally strongly towards 2050 region. Stop for the view is 1880. Tata Motors is also looking bullish and it could move towards 970. Stoploss can be kept at 870.

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