Monday, February 19, 2007

TECHNICAL OUTLOOK 19 FEBRUARY


Nifty 4146.20

Short term is looking bullish and it has potential of testing 4250 in coming trading sessions and this view holds good as long as it sustains above 4090.

In the extreme short term, if Nifty sustains above 4130, it is likely to test 4250.

Today, if Nifty sustains above 4130, it is likely to test 4190.



Medium term outlook of Nifty would remain bullish as long as it stays above 4050.




DELIVERY CALL

S kumars 79.05

The scrip is in long term bull trend and it has good potential in the long run.

In medium term, chart indicates a rally towards 120 in coming weeks. Buy on decline with a stop at 73.

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