Tuesday, April 21, 2009

Market Outlook 22-APR-2009

FlashBack


Volatility was the name of the game today. Sultan of stocks made a small rally which made the nifty close in green.


For Wednesday trading


Bull Level


Buy nifty future at retracement level of 3345 with stoploss at 3318 for targets 3395, 3425, 3445, 3475.





Bear Level


If nifty future breaks 3318 sell at retracement level of 3345 with stop loss at 3375 for targets 3295, 3265, 3240




Stock approach


For wednesday sell relinfra at retracement level of 679 with 693 as stoploss for targets 661, 645, 637.


Above 693, relinfra can be bought for targets 710, 725, 732.





Have a great trading day

World Markets (delayed)