Monday, April 27, 2009

Nifty agin testing 3500 mark

Will the Nifty able to sustain the 3500 mark is the million dollar question.
Though the Asian markets are in red, there is a strong buying in the Indian counter.
If Nifty reaches the 3523, once can see a clear bull rally and markets can test the 3600 in a couple of days.
On the other hand, if the markets touch 3426, the market may move back to 3287.

TIP: Buy IDBI at 66.15 ( as of 11.15 A.M, its trading at 66.80). Sell it at 68.90 with a stop loss of 63.90.

1 comment:

Suresh said...

Stoploss for IDBI triggered.
Markets, as expected, are very volatile as they keep testing the 3500 mark