Tuesday, May 12, 2009

Nifty Outlook 13-May-2009

FlashBack

Nifty triggered stoploss of short and gave back the 45 points and more on upside. HDFC Bank moved up all the way attaining both targets.


Bull Level

Buy nifty at retracement level of 3670 with stoploss at 3645 for targets 3715, 3750, 3775

Bear Level

1) Short nifty at 3785 with stoploss at 3815 for targets 3750, 3715, 3680

2) In the scenario of nifty future breaking 3645, short with stoploss of 3672 for targets 3610, 3585, 3555

World Markets (delayed)