Monday, April 27, 2009

TIPS FOR 27.04.09

THOUGH MARKET SEEMS TO BE IN THE BULLS HANDS COMPLETELY YET AGAIN SHORT SELLERS ARE TRAPPED. STILL ONE SHOULD TRADE VERY CAUTIOUSLY BECAUSE PRESENT RALLY CAN TAKE A BREATH ANYTIME AND OVERSEAS MARKETS ARE ALSO FACING RESISTANCE AT HIGHER LEVELS SO THIS MAY ADD FUEL THE FIRE AT ANY POINT OF TIME , NOW NIFTY ABOVE 3530 WILL TAKE MARKET TO 3670-3750 (WHICH MAY NOT BE RULED OUT). TODAY'S MARKET MAY TAKE LITTLE RETRACEMENT AND MAY PULL BACK IF BULLS TAKE AN UPPER HAND SO PLAY VERY SAFE WITH STRICT STOPLOSS
BUY ROLTA ONLY ABOVE 82 SL 79.9 TGT 85/88
BUY M&M ONLY ABOVE 477 SL 464 TGT 495/504
BUY SESAGOA ONLY ABOVE 126 SL 122.75 TGT 129/132
BUY MCDOWELL ABOVE 733 SL 719.90 TGT 750/775
SELL RELCAP BELOW 555 SL 562 TGT 547/536/530
SELL CENTURY TEXTILES BELOW 235 SL 238.60 TGT 230/224/220
SELL PNB BELOW 520 SL 523 TGT 507/498/591