If the level 3515 is not violated, Nifty could move up from these levels towards 3600. If it is violated, then it could move towards 3450 region from where it could bounce back. In any case, the overall trend in Nifty continues be bullish and we could soon see new highs in coming trading sessions.
Regarding Infosys and SBI, re-enter only above the stoploss levels that I gave previously with yesterdays low as stoploss.
Tuesday, April 25, 2006
Monday, April 24, 2006
MOVE ABOVE 3600 CONFIRMS STRONG RALLY
24, April,
NIFTY, 3573.05
It seems that Nifty could move towards 3650 region shortly and a sharp move towards 3600 would confirm it. Hold your long positions with a stop at 3530 region. If the region 3530 is violated, then it could test 3450 region.
As previously mentioned, the trend continues to be bullish. If the region 3600 is cleared on Monday, Nifty could move towards 3750-3800 levels in few trading sessions.
Revisiting my earlier recommendations, ITC,and Tata Motors have achieved their respective targets. SBI has hit the stoploss. One can re-enter SBI (916), if the level 910 is not violated. Previously, I have mentioned 3150 as stop for Infosys (3301.70). But now, the stop can be kept at 3220.
NIFTY, 3573.05
It seems that Nifty could move towards 3650 region shortly and a sharp move towards 3600 would confirm it. Hold your long positions with a stop at 3530 region. If the region 3530 is violated, then it could test 3450 region.
As previously mentioned, the trend continues to be bullish. If the region 3600 is cleared on Monday, Nifty could move towards 3750-3800 levels in few trading sessions.
Revisiting my earlier recommendations, ITC,and Tata Motors have achieved their respective targets. SBI has hit the stoploss. One can re-enter SBI (916), if the level 910 is not violated. Previously, I have mentioned 3150 as stop for Infosys (3301.70). But now, the stop can be kept at 3220.
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