Monday, May 25, 2009

==>> Markets closed flat

Markets closed flat for the day. Nifty closed at 4237 down by just by a point after making a low of 4205. Nifty made a high of 4270. As mentioned in the past also that the Nifty has resistance at 4280. Sensex made a high and low of 14028 and 13819 before closing at 13913 with a marginal gain of just 26 points. Once again mid cap shares performed well as compared with the Frontline stocks. Volumes were pretty close as compared to the volumes in the previous week. Volumes in BSE was Rs7300Cr & NSE was at Rs18,000Cr. Realty stocks were in focus.
Buy calls on:
1. Dcb facing stiff resistance at 42 levels. buy above 42, first target of 46.8
2. Buy Opto Circuit above 165 target 171-174-178
3. United Breweries daily chart is in the making of Cup and Saucer pattern
4. Buy Satyam above 57.35
5. Skumar above 37 tgt 42

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