Thursday, January 6, 2011

NIFTY near an important Support Level

Hello friends,yesterday NIFTY grinded down in a steady fashion on rising inflation concern.This can surely have a bad impact on India growth story,but it cannot be so worst that it can lead our market to correct to that extent.Now,for our market to continue the uptrend which it started from 13th December 2010,NIFTY should not break 6129 on closing basis,which is the first sign of reversal.Tomorrow monitor NIFTY(CMP - 6048.25) movement before getting into any trade.Tomorrow you can look at...
1.)SUN PHARMA (CMP-500) - Buy for a target of 510 with a STL of 494.
2.)RANAXY (CMP-604.65) - Buy for a target of 610 with a STL of 600.
3.)HINDZINC (CMP-1361.25) - Buy for a target of 1380 with a STL of 1350.
4.)ADHUNIK METALLICS (CMP-107.55) - Buy for a target of 110 with a STL of 105.

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