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.
Wednesday, March 22, 2006
Monday, March 20, 2006
HOLD YOUR LONG POSITIONS
Nifty continues to be bullish and now the stop for all long positions is 3210. Satyam is looking bullish at current levels and it has potential of testing 845 in few trading sessions. Buy with a stop at 795. ITC can be bought at current levels with a stop at 171. TCS is heading towards 1950 region. Buy with a stop at 1845.
Feed back on BOMBAY DYEING
The scrip has closed below 450, the region that I have given as stoploss. Though my view and the target for the scrip has not changed, it is better to close the positions below 450. If it moves above 450 region, one can re-enter. If it continues to trade below 450 for few more trading sessions, then we have to wait for the right time to re-enter the scrip and the right time will be informed in my Blog.
D Sathia Moorthy
Feed back on BOMBAY DYEING
The scrip has closed below 450, the region that I have given as stoploss. Though my view and the target for the scrip has not changed, it is better to close the positions below 450. If it moves above 450 region, one can re-enter. If it continues to trade below 450 for few more trading sessions, then we have to wait for the right time to re-enter the scrip and the right time will be informed in my Blog.
D Sathia Moorthy
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