Monday, May 30, 2011

#16 Nifty Update

Today NIFTY showed up the emotions for the Friday released hangover 2 i.e., it was interesting but not to keep peoples attention all the way. It opened with some positive woes and as expected didn’t crossed 5517 and came back to almost a flat level. Now we might see some correction towards 5400 level which will be good level to go long on NIFTY with the target of 5700 in coming 2 months. Some of the frontline stocks are at gud price to go long such as SBIN, BHEL and TCS. Wait for some more dip in  TATA MOTORS to go long. Educomp has came out with good numbers showing a upside upto 530. Therefore we might see some down side tomorrow with the support of 5442 and 5400.

NIFTY levels for 31st May
R- 5500                  S-5442
R-5517                  S-5400
R-5541                  S-5367
R-5575                  S-5328

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