Tuesday, April 22, 2008

Today also keep SSL 5000 in Nifty And Buy if Sustains above 5050

Yesterday Markets opened on a positive note, and Nifty remained in a range of 5,046 on upper side and 5,009 on lower side. On hourly charts, we have a moving average crossover of 50 HSMA and 200 HSMA, which is a good sign for bulls.
Nifty has support in the region of 4950-5000 and resistance at 5050. Above 5050, another level to watch out for is 5200-5400.

Sun Tv Sell below 295 tgt 290,285
Sell ACC below 800 tgt 789,782,775
Religare keep SSL 360 and go long.
Buy SBI Keep SL 1710 tgt 1755,1770,1789
Delivery call Astra Microwave SSL 70 tgt 100


ScripName------S1----S2-----RS.-----R1-----R2-----Position
Nifty50005029504850615089Go long above R2,Go short below S2.
Adlabs696700703706710Go long above R2,Go short below S2.
Cent. Text816820824827832Go long above R2,Go short below S2.
DLF642647649651656Go long above R2,Go short below S2.
Icici Bank855860864868873Go long above R2,Go short below S2
Infosys16301639164516511660Go long above R2,Go short below S2
J P Asso.230232233234236Go long above R2,Go short below S2.
Reliance26112629264226512669Go long above R2,Go short below S2.
Rel.Cap13951403140914151427Go long above R2,Go short below S2.
SBI17211732174117501760Go long above R2,Go short below S2
Tata Steel770774777780785Go long above R2,Go short below S2.

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