27, April,
Nifty 3555.75
It seems Nifty could move above 3600 levels today. The stop for the long positions is 3525.
Re-enter SBI with a stop at 890. My previous target of 970 is valid now. Re-enter Infosys at current levels. The stop can be kept at 3170. It has potential of moving towards 3400.
As written in previous posts, Nifty is about to see an explosive rally in coming trading sessions and it seems moving towards 3750-3800 region.
Thursday, April 27, 2006
Wednesday, April 26, 2006
RE-ENTER IN THE LONG SIDE, STOP 3430
26, April
Nifty 3462.65
It seems Nifty has bottomed out. Now, it has potential of moving towards 3510-3530 region shortly. A move above these levels would confirm further movement towards 3600. Since the stoploss levels are very close, long positions can be initiated at current levels, if market behaves on expected lines.
The view would get negated, if Nifty moves below 3430 region. If the region 3430 is not held, then, further 80 to 100 points fall is possible. For this scenario to happen, in the morning itself market should immediately move below 3430.
As previously said, the bull trend is intact. Once this correction is over, Nifty would move towards new highs in coming trading sessions.
Nifty 3462.65
It seems Nifty has bottomed out. Now, it has potential of moving towards 3510-3530 region shortly. A move above these levels would confirm further movement towards 3600. Since the stoploss levels are very close, long positions can be initiated at current levels, if market behaves on expected lines.
The view would get negated, if Nifty moves below 3430 region. If the region 3430 is not held, then, further 80 to 100 points fall is possible. For this scenario to happen, in the morning itself market should immediately move below 3430.
As previously said, the bull trend is intact. Once this correction is over, Nifty would move towards new highs in coming trading sessions.
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