Friday, December 5, 2008

On the daily chart Nifty has broken out in positive direction of triangular consolidation, which is
a good sign for the market. Nifty has also closed above its 15-day simple moving average 2750. on the hourly chart Nifty is amplifying towards the upper line of the channel. Yesterday mkt recover with good amount 0f buying.
Today keep SL 2750and go long. Its also support for mkt and also above falling channel upperline.
Reliance Keep SL 1100 and go long
Reliance Capital keep SL 430
GNFC ready to jump major resistance near 53 keep SSL 49
Sunpharma look week keep SL 1050
Rolta Sell SL 156 tgt 149,145
DRReddy Sell below 469 tgt 450 Buy above 475 tgt 485,495
SUN Tv keep SL 175 tgt 168,163

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