Market Update

NIFTY broke out in the final hour of trading today and is now well poised to move up to 4600+. The last barrier comes in at 4330 levels. Once taken out, we will be going up full throttle.

SBI has broken out the level that I had specified earlier precisely. Its not headed towards 1750 - 1800. Go long and hold for a week.

IFCI has had a bounce of the trendline. If it can takeout 71, it will move upto 77.

SAIL is poised for a good upmove now.

Arvind mill if breaks 54.5 will target 56.2 and 57+.

Watch TELCO, it has been unable to the 712 level that we have specified so far. If it breaks 712, it will fly. I would recommend a buy around 714 - 715 (2 - 3 rs for breakout confirmation).

Tomorrow I am expecting a positive day. We have made good money this week with all the below calls. Hoping to sign the week off in style. Watch out the space on sunday for more updates with stocks information and my picks for the next week....