AGAINST EXPECTATION AND PUNTER'S INFORMATION, NIFTY SETTLED ABOVE 5400,TURING ALL NIFTY STRATEGY FAILED TO PRODUCE PROFITS AND INCURRED LOSSES.HOWEVER ITS VERY IMPORTANT TO NOTE THAT THE RALLY YESTERDAY WAS MAINLY DUE TO SHORT COVERING IN THE MAY SERIES.
GOING FORWARD,NIFTY NEED TO CROSS ABOVE 5420-30,BEYOND WHICH IT MAY TOUCH 5520 AND IF IT CROSSES 5550 THEN THERE WILL BE INTERIM UP TREND UNDER MAIN DOWN TREND.
IN JUNE SERIES MARKETS MAY BE RANGE BOUND AND NIFTY SHALL CONSOLIDATE BETWEEN 5200-5600. NIFTY IF FAILS TO HOLD 5350 SHALL SLIP TO 5250-5200 IN THE SHORT TERM.
FOLLOWING STOCKS LOOK GOOD TO ACCUMULATE IF NIFTY TESTS 5200-5250:
SKUMAR
TIMKEN
INGERSOLL RAND
ARVIND
SAINT GOBAIN
SRIRAM TRANSPORT FIN
ORCHID
CAMLIN
& OTHER COUNTERS WHICH HAVE BEEN SUGGESTED EARLIER.
HAPPY TRADING & ENJOY PROFITS & PEACE.
GOING FORWARD,NIFTY NEED TO CROSS ABOVE 5420-30,BEYOND WHICH IT MAY TOUCH 5520 AND IF IT CROSSES 5550 THEN THERE WILL BE INTERIM UP TREND UNDER MAIN DOWN TREND.
IN JUNE SERIES MARKETS MAY BE RANGE BOUND AND NIFTY SHALL CONSOLIDATE BETWEEN 5200-5600. NIFTY IF FAILS TO HOLD 5350 SHALL SLIP TO 5250-5200 IN THE SHORT TERM.
FOLLOWING STOCKS LOOK GOOD TO ACCUMULATE IF NIFTY TESTS 5200-5250:
SKUMAR
TIMKEN
INGERSOLL RAND
ARVIND
SAINT GOBAIN
SRIRAM TRANSPORT FIN
ORCHID
CAMLIN
& OTHER COUNTERS WHICH HAVE BEEN SUGGESTED EARLIER.
HAPPY TRADING & ENJOY PROFITS & PEACE.
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