Wednesday, May 6, 2009

Nifty Outlook 07-May-2009

Bear Level
Short nifty future at retracement level of 3690 with 3729 as stoploss for targets 3570, 3530, 3485, 3435
Bull Level

Buy nifty future at 3430 with stoploss at 3395 for targets 3485, 3530, 3570
King of real estate in trouble
DLF has made a negative candle stick pattern at a high resitance area.
For thursday, short dlf at retracement level 250 with stoploss at 266 for targets 235, 220,205.

World Markets (delayed)