Tuesday, June 9, 2009

Nifty Outlook 10-June-2009

Flashback


Nifty opened at weekly support level and moved up in a straight line.


Bull Level


Buy nifty future at retracement level of 4468 with stoploss at 4443 for targets 4502, 4560, 4610, 4650.


Bear Level


In case of gap up open, short nifty future at 4620 with stoploss at 4652 for targets 4560, 4530, 4502, 4485


HDIL - One Last Dance


Today HDIL took support at key support level. One can expect some follow up tomorrow.



For tomorrow trading,


buy HDIL on retracement to 265 with stoploss at 254 for targets 287, 302, 320

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