Attached chart shows how NIFTY reacted from the reverse trendline. For today 5150 will be very critical. A close above this will be very good for the market in the coming days. Bullish confirmation will be on close above 5200. BUY NIFTY if closes above 5150 for a target of 5300.
INTRADAY
BOI - BUY above 364 Target 374
PNB - BUY above 580 Targets 587/592
SUZLON - CMP-307.95 BUY target - 316
POSITIONAL
IDFC - CMP-168.65. Positional BUY target 193
SAIL - CMP 186 BUY - target 205 SL - 184(closing basis)
TISCO is a positional short...refer to my previous post for details.
Tuesday, May 20, 2008
Market view and stock picks....May 20
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1 comment:
suzlon call was every good from 307 to 320. keep it up. I also want to learn technical analysis, Is is easy?.Recommend some nice book.
Tushar
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