10, APRIL,
NIFTY 3454.80
If Nifty stays above 3420 region, then it has potential of testing 3550 in few trading sessions. If it moves below 3420 region, then it has potential of testing 3280-3320 region. Inspite of this weakness, the trend in the Nifty continues to be bullish and soon we could see new highs in coming weeks.
Revisiting my earlier recommendations, Satyam, TCS, and ITC has cut the stoploss levels. If the level 800 is not violated in the downside, Satyam has potential of moving towards 900 region in few trading sessions. Regarding TCS, only if it trades above the stoploss level of 1920, one can re enter with the same stoploss. The upside target of 2050 is still valid. One can re-enter ITC, if it moves above 200 region with 198 as stoploss.Hold your long position in Bharti with the same stoploss.
Adhere to the stoploss levels strictly.
