Thursday, January 13, 2011

Market may take a downturn tomorrow

Yesterday,market bounced,which was a surprise as IIP numbers were bad.Also rising oil prices is adding to inflation worry.So I feel NIFTY(CMP-5863.7) should come down.Don't hurry and buy.For traders,market may go upto a level of 5907-5937 on highr-side tomorrow and downside 5792-5770.
1.)HINDALCO (CMP-237.25) - Buy for a target of 250 with a STL of 228.
2.)STERLITE IND (CMP-183.05) - Buy for a target of 188 with a STL of 179.6.


Enjoy
(www.derivativestrategy.blogspot.com)

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