Market Mirror 25'th April 2011
Us Market closed positive on Thursday. Dow closed +52 points @ 12505, Nasdaq +18 points @ 2820 & S&P + 8 @ 1338. SGX Nifty is trading 8 points down. Today CBI will file their second
charge sheet creating political uncertainness. Reliance gave us slight negative or below expectation result. Nifty might open with gap down effect. Nifty has Support 5850 and 5880 & Resistance is likely to come 5920,5950. This week is expiry week for derivative segment, we can expect both ways volatilities. After initial weakness Today Trader can buy stocks for two days rally.
Trading View.....
- Trader can bought LT @ 1673-1678 level for a target of 1730-35 level with a stop loss of 1666. Trader can book profit @1740-1745 level.
- Trader can bought Tata Steel @ 615-616 for target of 628-630.
- Nifty future can bought 5860-5862 level for a target of 5900-5920 level.
- Trader should look at Sbi & Aban off.
- Watch for CBI Charge-sheet also, It can change out market's sentiment. Trader should take their desicion according market sentiment although we expect positive market today and tomorrow. Check our charts ...
Tata Steel ADVANCE SCIENTIFIC Chart 25'th April 2011:-
(Forecasting to happen during Trading Hours)
Tata Steel ADVANCE SCIENTIFIC Chart 26'th April 2011:-
(Forecasting to happen during Trading Hours)
Stop Gambling & Start Investing…..
Bye............
Nishant Jani
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