Tuesday, April 24, 2012

nifty out look for 24 Apr 12

yesterday Nifty corrected by almost 100 points without  fresh short  build up in F& O segment ..
Indicating that only long unwinding was there which was created by market players ...they sold stocks and futures initially to bring down market and covered their short positions  in planned manner where as small traders / investors closed their long positions due to fear of loss...
algo trading is creating trouble in market... to play safe or to protect ur self from it, please trade for limited volume and according to trend  without placing ur stop loss in system...keep stop loss in your mind and if ur scrip  will change its trend just exit from ur position..
TCS declared nice result and will move up today infact lead IT sector too..
Gap up of approx 0.8 % is expected with positive bias and extremely volatile market ...
Trade in May  Nifty futures as per levels
Buy at / above: 5251   Targets: 5274 - 5299 - 5319 - 5338>>>
Stoploss : 5230
Sell at / below: 5230   Targets: 5212- 5196 - 5168 >>>
Stoploss : 5251

important results to be announced today 
polaris 
sesagoa
petronet 
blue dart

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