Thursday, April 27, 2006

HOLD YOUR LONGS, STOP 3525

27, April,
Nifty 3555.75


It seems Nifty could move above 3600 levels today. The stop for the long positions is 3525.

Re-enter SBI with a stop at 890. My previous target of 970 is valid now. Re-enter Infosys at current levels. The stop can be kept at 3170. It has potential of moving towards 3400.

As written in previous posts, Nifty is about to see an explosive rally in coming trading sessions and it seems moving towards 3750-3800 region.