Look at the Dow chart...the current uptrend is broken. One more lower close and it will be confirmed. Locally we might also head lower then. If 5000 is broken, then we will see 4800 in the coming days. SHORT NIFTY on close below 5000 for a target of 4800. Today global cues are negative. However if opens too low, do not short.
INTRADAY CALLS
BOI - BUY around 311 (wait for this price) SL - 308. Target - 333
IFCI - BUY above 65 target 70
ESSAROIL - BUY above 266 target 273
FOLLOW UP ON YESTERDAY'S CALLS
HDIL hit our target exactly and came down. Maruti did not move much just made around 815. Still 14 rs intraday profit considering we were long from 801. I am still bearish on TISCO. Though I closed my position yesterday. TISCO above 925 will goto 945. Below 925 supports are at 910, 900, 880, 850. All levels in spot.
Thursday, May 22, 2008
Dow breaks uptrend...May 22nd
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1 comment:
Such a nice blog. I hope you will create another post like this.
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