It seems Nifty could test 3450 region in one or two trading sessions. The stop for the view is 3370. Buy Infosys around 3030 for a target of 3150 with a stop at 3000. Buy Reliance around 790 with a stop at 780. The short term target is around 825.
Here after the momentum in the upside would pick up in coming trading sessions and it would continue for few months. The corrections in this market will also be sharp and steep.
Thursday, March 30, 2006
CONTINUE TO HOLD LONG POSITIONS
Hold your long positions with a stop at 3320 for Nifty. Next short term target for Nity is 3400 as mentioned earlier. Buy SBI around 985 with a stop at 970, for a target of 1030. Buy Bharti at 394 for a target of 415 with a stop at 388. VSNL is heading towards 550 in the short term.
A fast rally, which will have a magnitute that we haven't seen so far in this bull market, is on the cards above 3400 region in coming weeks.
A fast rally, which will have a magnitute that we haven't seen so far in this bull market, is on the cards above 3400 region in coming weeks.
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