Friday, May 1, 2009

Dicey Road Ahead

My previous ideas have worked and now the road ahead is a bit dicey.The reason for this is the result of the 15th Lok Sabha Elections which is to be declared on 16th May.But till then I feel that our Indian market should go up.For our market to rally NIFTY should close above 3500 for 1st target of 3576 and then 3608,3633.But on downside you should have a strict STL of 3362.So for this target on NIFTY, I feel the following ideas should work.
1.) Suzlon it should cross 65.95 level for a target of 71.75 with a STL
of 60.
2.)ICICI Bank it can go upto 520 level with STL of 440.
3.)IDFC it should cross 77.45 for a target of 87.1 with STL of 72.

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