Monday, June 22, 2009

Nifty Outlook 23-June-2009

Flashback


Readers who went long at long level would have booked a loss as nifty was on a one way track which went only downwards. Readers who went long in reliance capital would have had the oppurtunity to book 20 rs profit as the stock gave up all gains after that


Bull Level


In case of gap down buy nifty future at 4140 with stoploss at 4118 for targets 4190, 4220, 4240


Bear Level


In case of flat or gap up opening, short nifty future at 4290 with stoploss at 4310 for targets 4240, 4190, 4160.


DLF - Feed the Bears


DLF has made a reversal pattern at a key resistance area



Tomorrow short DLF at retracement level 331 with stoploss at 342 for targets 309, 290, 275.




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