Thursday, May 14, 2009

Nifty Outlook 15-May-2009



Bull Level




Buy nifty future on break of 3655 with stoploss at 3625 for targets 3690, 3700, 3725





Bear Level




Short nifty future breaking 3568 with stoploss at 3593 for targets 3535, 3515, 3495





ABAN at resistance level










If ABAN is unable to trade above strong resistance level of 528 tomorrow, it will come under heavy attack from bears. In such a scenario, intraday traders can short with opening highs as stoploss for targets 508, 495, 482. Positional traders can maintain a closing stoploss of 528 for a target of 462.


World Markets (delayed)