Trading Day - 23rd April

Yesterday was a fantastic day. Our daily calls hit their targets and all the weekly calls have achieved their targets to. What else could you ask for in 2 days of trading? Whoever is following this blog must have made a fortune this week. We don't have great global cues to start of with. Locally we are still in uptrend. NIFTY faced resistance in yesterday's upmove exactly at 5070. Today also this level would offer resistance then 5110, 5140. But 5100 will be very very difficult to cross now. At higher levels, be cautious now. You can start hedging your longs with puts from 5100 onwards. We will have these scrips in our watch list today,

ADLABS - above 730 this will have a good upmove.
SBI - 1754 is a make or break