Thursday, April 1, 2010

On the account of April Fool's Day, dont let market make a fool of you today and for this whole financial year. Trade and Invest wisely.



Nifty View:


As expected Nifty took support from 5240 and gave a intraday bounce back till 5290. Today If Nifty future breaks 5235 then expect 5200-5210 on the cards. Buy closer to 5200-5210 stop loss 5185 tgt 5240-5250.



Stock View: TV-18


The tv-18 stock was witnessing a consolidation pattern since last two months. Yesterday there was a small move with great volumes. The stock can be bought at current levels of 75 with a stop loss of 72 on closing basis and wait for short term targets of 83-84. Momentum once it crosses red resistance line. more momentum on the upside if it crosses blue resistance line which is placed at 85.



Have a Nice trading day

Regards

Ankit

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