Sunday, January 23, 2011

NIFTY may give direction now

Last week NIFTY(5695.95) was range bound between 5656 to 5744.As per my view market should break down in coming week.So don't get into the market as it may leave you in worry.Every rise should be used to get out,as there is no point even to think of investment for time being.As I feel NIFT may come down to 5350 to 5300.But still anybody wants,I can suggest...
1.)TCS (CMP-1211.65) - Sell for a target of 1196 with a STL of 1220.
2.)DLF (CMP-251.55) - Sell for a target of 244 with a STL of 254.
3.)STERLITE IND (CMP-177.4) - Buy for a target of 182-184 with a STL of 174.

(www.derivativestrategy.blogspot.com)

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