05, May
Nifty 3648.40
If Nifty stays above 3620, it would move above 3670 region. If 3620 is violated, then it has possibility of testing 3580.The stop for the longs is 3620.
Counters like Infosys, Telco, and Bharti are on the verge of bullish breakout.
Nifty is forming a big base for a strong rally and it has potential of moving towards 4000 in a very short span of time.
Friday, May 05, 2006
Thursday, May 04, 2006
STOP FOR THE LONGS 3610
04, May
Nifty 3634.25
Nifty has potential of testing 3650- 3670 region. But, a correction is possible from this region. Initially it could test 3580.
The stop for the longs is 3610. On contrary, if it continuously moves above 3670 region, hold your positions with a close stoploss.
But, as I have said earlier, Nifty is forming a big base for a strong rally in coming trading sessions and it has potential of moving towards 4000 in a very short span of time.
Nifty 3634.25
Nifty has potential of testing 3650- 3670 region. But, a correction is possible from this region. Initially it could test 3580.
The stop for the longs is 3610. On contrary, if it continuously moves above 3670 region, hold your positions with a close stoploss.
But, as I have said earlier, Nifty is forming a big base for a strong rally in coming trading sessions and it has potential of moving towards 4000 in a very short span of time.
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