Its more like a continuation of yesterdays' post. Markets seem to have walls built at 4535 and 4580 just playing tetris between them. The best thing to do now is to watch and watch for the right direction. Volumes have been low in the past few days. Everyone seems to be waiting for 18th. We will also wait for 18th.
As said earlier, we will keep trading light. Reliance capital hit the roof today as suggested yesterday. The other 2 failed to take off. We will track a few stocks for tomorrow only
1. ICICI bank - Good support at 882. BUY above this level for following targets - 898, 912, 920. If ICICI breaks 882, short it for a target of 872.
2. PATNI - SHORT on break of 449. Target 442, 440. SL - 457.
Thursday, September 13, 2007
The Great Wall
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