Wednesday, April 27, 2011

NIFTY FO CLOSED @ 5875 AS ON 26.04.2011



NIFTY FO has resistance @ 5893 � 5910 above which other resistance levels are @ 5933 - 5960. In down side support levels are @ 5858 - 5830 levels; below which other support levels are @ 5817 - 5803 levels in APRIL - 2011. I am positive for next week above 5933 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
Tata Motors @ 1261 > POSITIVE TREND @ 1253 WITH SL @ 1245 TARGET @ 1275 TO 1300!
TCS @ 1128 > NEGATIVE TREND @ 1197 WITH SL @ 1203 TARGET @ 1170 TO 1163..!!
LUPIN @ 419 > POSITIVE TREND @ 409 WITH SL @ 399 TARGET @ 426 TO 431 !!

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