Friday, April 23, 2010

See- Saw moves back in Sensex, Volatility to continue at higher levels. Short Nifty 5280 -5300 with a strict stop loss of 5335

Stock View: NHPC

The stock is looking good for a bounce, so Buy NHPC at current levels of 30.5 with a stop of 29.5 on closing basis with a target of 33-33.5... Momentum above 31.5 . For Long term players , there is no need to put a stoploss and they can look for 38-42 in 3-6 months.



Stock View: Classic Diamonds

The stock has given a triangle breakout and is looking good on charts. Buy Classic at current levels of 24.5 with a stop below 22.4 and look for targets 27.5/29 in short term.





Stock View: ADSL

Multiple tops at 255 levels... Buy ADSL only if it sustains above 255 for targets of 270/275 with a stoploss below 245.




Have a nice trading day

Regards

Ankit

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