Monday, April 5, 2010

SHORT TERM VIEW : 04 APRIL 2010

S&P CNX NIFTY:
LOOKS BEARISH IF GIVEN CLOSED BELOW 5170  (MINOR SUPPORT)
MAY RETRACE BACK TO 5130 LEVEL (MAJOR SUPPORT)
BUT 5130 IS MUCH CRUCIAL LEVELS FOR BULLS IF NOT SUSTAINS AND GIVEN 2 CONTIGUOUS CLOSE BELOW THIS...
THEN IT WILL FALL TOWARDS 5000 - 4950


AXISBANK :
SHORT CMP : 1173.55
STOPLOSS - 1215
TARGETS - 1116 - 1103 -----

NTPC :
BUY ABOVE 209
STOPLOSS - 197
TARGETS - 220 - 230 +++


BAJAJAUTO :
SHORT BELOW 1981
STOPLOSS - 2045
TARGETS - 1900 - 1850


BPCL :
STRONG SUPPORT - 498
BUY NEAR SUPPORT OR ABOVE 537
TARGETS : 550 - 570 +++




NOTE :
1.  BOOK PROFITS ON REGULAR BASIS
2.  KEEP RUNNING WITH TRAILING STOPLOSS

a.  ALL VIEWS ARE BASED ON SPOT LEVELS
b.  CONSIDERING CLOSING PRICES
c.  TRADERS CAN TAKEN FUTURE OR OPTIONS POSITIONS ACCORDINGLY



BEST OF LUCK...!!!!
Author: Unknown || Posted at Monday, April 05, 2010
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