Thursday, April 06, 2006

NIFTY NEXT TARGET 3600

7 APRIL, NIFTY 3510.90

Nifty is about to test 3600 region in few trading sessions. A short-term correction can be expected around 3600-3650 region.
Tcs seems to be heading towards 2050 region in few trading sessions. Buy with a stop at 1900.
Satyam could test 900 levels in few trading sessions. The stop for the longs is 840.
ITC is heading towards 215 region. Buy with a stop at 200.
Bharti has potential of testing 450 region in few trading sessions. Buy with a stop at 405.

Note: -If the level that I have given as stop-loss is hit, it doesn’t mean that the trend has changed. We are closing the position below the stop-loss only because to take some time to watch the market and to redraw our technical outlook and strategy.

Monday, April 03, 2006

NIFTY BULLISH, STOP 3420

4, APRIL
Nifty 3473.30

Nifty continues to be highly bullish as expected, and higher targets are in store for coming weeks. But a minor correction is possible around 3500 region. If a correction occurs, it can give chance to enter at lower levels.