Wednesday, April 01, 2009

==>> April BULL's Day

Bulls might have definately enjoyed the April Fools Day. In the early session market opened marginally up, then immediately sinked in the negative zone. Sensex made a low of 9546 and the recoverd to make a high of 9921 surged nearly 2% or 193 points. Nifty closed nearly at its high level. Nifty settled at 3065 after making a low of 2965 in the early trading session. Bulls are really trying hard to close above the long term trendline. In the past 4 days Nifty is trading near the trendline, but not closing above the same. In the morning i had give some BUY calls. Relcapital @ 355 the last tgt was 385, it made a high of 392. RIL ind @ 1503, made a high of 1589. ICICI Bank @ 325 made a high of 354. SBI Bank @ 1037 tgt was 1085, made a high of 1079.9, NIFTY BUY CALL WAS ALSO GIVEN IN THE MORNING....... on my yahoo id vishal_retail@yahoo.co.in and also on mails. On 26th march i had given call on Suzlon @ 45, DCB @ 18.85 and GVK Pil @ 20.5.
Akruti is still in lower circuit. There are hardly any buyers in the counter. I think so that the circuit may open at 550-600 levels as the promoters has raised money on equity shares at the same levels. There was good buying in the mid cap stocks. In the past few sessions the volumes have been pretty good in the markets.
In the last 3-4 blogs I have been contiosly writting that the Nifty chart shows a breakout, and it has the potential to go till 2970-3050-3125 -3240. Nifty has a big resistance at 3125-3150 levels.
Trading Opprtunity-Tata Steel BUY above 210-214-217-222 with SL 208. SELL below 208-203-200-196.ICICI Bk above 350-356-363 with SL 346. SELL below 346-342-334.

No comments: