Friday, May 14, 2010

Nifty's major support is around 5145/5098. Nifty breaking 5098 will favour the Bears and close above 5185-5195 will favour the Bulls

Stock View: Neclife

The stock is trading in a parallel channel since last 2 months plus also trying to break previous highs. If breaks previous high than can give a good upmove. Buy Neclife if it sustains above 43-43.5 with a stoploss of 41.5 and look for targets of 47/49 in short term. Do check while stock is giving a breakout the vols are higher than previous days or not.




Have a nice trading day

Regards

Ankit

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