Monday, April 19, 2010

Nifty upside 5283 good resistance, down trend to continue.

Sell-off continues

  • Today Nifty witnessed huge selling pressure and closed with a loss of 50 odd points, triggered by sell-off in global markets. The index broke the psychological 5200 mark in early trade on the back of selling across all sectors; however the final closing was marginally above 5200 mark. Since, today Nifty saw some demand inching in near the support of 50-DEMA, it can act as a temporary support in the coming session. However on upside 5283 is again a good resistance which should no get surpassed for the down trend to continue.

Trading Ideas

  • Remain stock specific from current levels.
  • Mid term trading ideas which we like are Sesa Goa (Target Rs518),Fortis (Target Rs182) andHanung (Target Rs268). Traders maintain stop loss accordingly.

Investment Ideas

  • Voltas: CMP @ Rs180 (Target Rs234)

 

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest