NIFTY OUTLOOK
Nifty face resistance near 3680, 3705, 3715, 3735, 3745, 3760
Support 3640, 3620, 3610, 3600, 3580, 3565, 3530.
As long as Nifty stay above 3615-3600 on any intra day decline,
it will bounce back in upward direction.
Weakness is expected only below 3600.
Similarly If Nifty fails to move and stay above 3700,
It will surrender gains and again it may fall to lower levels.
However,Nifty moves above and stays above 3700, again It will try to touch further higher levels.
STOCK FUNDA
S.B.I.:
Buy this stock at lower levels near 1330
Evidence of support and bounce back for targets of 1340, 1355, 1375.
Keep STOP LOSS AT 1315.
TATA MOTORS :
Buy this stock at lower levels near 263
Evidence of support and bounce back for targets of 270, 275, 280.
Keep STOP LOSS AT 258.
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Both Target Archived
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Posted by
Dharmik Patwa
Wednesday, May 6, 2009
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