Friday, April 21, 2006

CORRECTION POSSIBLE AROUND 3650

21, April,
NIFTY, 3573.50


It seems Nifty could move towards 3650 levels immediately. But there is a possibility of minor correction from that level. The stop for the longs is 3540. Once the correction is over, Nifty would resume its upward journey.

Thursday, April 20, 2006

HOLD YOUR LONGS, STOP 3480

20, April,
NIFTY 3535.85


A sharp move above 3560 would push the Nifty towards 3600 region. In case if it moves below 3510, then it would bounce back from 3480 region. Over all the trend continues to be bullish and higher targets are in store for Nifty in coming trading sessions. Stop for the longs 3480.

Revisiting my earlier recommendations on Infosys, SBI, ITC, the views and targets are still valid but always adhere to the stoploss levels.