Hold your Nifty longs for the next target of 3400. Buy Satyam around 820 with a stop at 813, for a target of 840. Buy TCS around 1885 with a stop at 1875, for a target of 1930.
Though I am forecasting a level of 3400 region for the Nifty, it doesn't mean that Nifty would turn weak from this region. In fact, Nifty is about to explode in the upside when it crosses 3400 region. Anybody interested in knowing the technical strength of the market, can refer the medium term chart posted by me in the February and it is accessible through the archives section.
Monday, March 27, 2006
Sunday, March 26, 2006
NIFTY HEADING TOWARDS 3350
Nifty had not gone below 3210, and thus, turned bullish and it is about to test 3350 levels this week. Except TCS, all other scrips which were recommended for buying in this column, did not hit the stoploss. Those who are holding those Stocks can continue to hold the long positions with the same stoploss. TCS can be bought at current levels with a stop at 1860, for a target above 1950 region.
Subscribe to:
Posts (Atom)