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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.

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    Wednesday, June 23, 2010

    mkt ahead...23rd june 2010...

    there's no bearishness, however profit booking may continue for sometime.

    as seen from spot nifty chart above, today's support is near 5300.

    for positional short to medium term longs, the support(tsl) can be kept below 5200 and tentative sl can be about 5100.

    because of the sharp run up in recent times, these lvls are a bit deep. but remember the advise on cutting shorts and going positional longs was given in comments section at 4950 after which time our downward tgt of 4800 etc was also achieved.

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