Monday, May 08, 2006

INITIATE FRESH LONG POSITIONS, STOP 3640

08, May
Nifty 3663.95


Nifty seems to be heading towards3700 region today. And it could hover around this region for some time before moving towards 3750 region. Fresh long positions can be initiated at current levels. The stop for the view is 3640 for today.

Majority of the individual stocks are ready for a strong rally.


Nifty is forming a big base for a strong rally and it has potential of moving towards 4200 in a very short span of time.