Wednesday, April 22, 2009

Market Outlook 23-APR-2009

FlashBack

The head and shoulders is starting to take its toll. Nifty opened near target1 of long and fell to target 1 of short in a straight line.
Tomorrow is Sultan of Stocks result day.

For Thursday trading

Bear Level

Sell nifty at retracement level of 3372 with stoploss at 3397 for targets 3315, 3285, 3215

Bull Level

In the scenario of nifty future crossing 3397, buy at retracement level of 3375 with stoploss at 3340 for targets 3415, 3445, 3481

Stock Watch

Century Textiles has made a very negative pattern on charts




Sell century at 218 with stoploss at 228 for targets 202, 192, 182.

Have a great trading day

World Markets (delayed)