Tuesday, April 28, 2009

Market Outlook 29-Apr-2009

Flashback

Nifty future triggered stoploss of long, and as mentioned in the bear level, crashed to 3345.
RIL came near target1 and thereafter gave up all gains.

For wednesday trading

Bear Level

Short nifty future at retracement level of 3410 with stoploss at 3433 for targets 3370, 3345, 3315.

Bull Level

In the scenario of nifty future crossing 3433, buy at retracement level of 3414 with stoploss at 3396 for targets 3450, 3490, 3540.

As it is expiry day, no recommendation is provided for stocks.

World Markets (delayed)