Sunday, April 19, 2009

Market OutLook 20-APR-2008

FlashBack

Nifty remained highly volatile for the most part of friday until it broke the crucial level 3437 and tumbled like bowling pins.

For monday trading

Bear Level

Short nifty at retracement level of 3482 with stoploss of 3514 for targets 3410, 3355,  3255.

Bull Level

1) In case of flat opening, buy nifty future crossing 3390 with stoploss of 3354 for targets 3435, 3460, 3485.

2) Buy nifty future at 3250 with stoploss at 3210 for targets 3310,  3355

ACC short

 For monday, short acc at 627 with stoploss at 636 for targets 606, 588, 571.

Have  a great trading day $$$




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