there is some profit booking after meeting our nifty tgt around 5320.
for short term positional longs tsl can be raised for today to 5240, sl below 5200.
it was an 'inside day'. positional near term directional call can be taken in the direction of brkout/brkdown. but intraday, upto a 50 point shorting opportunity was there on a symmetrical triangle brkdown.
going forward also it may not be easy for nifty to stay above 5300 and it may spend some more time below it and consolidate.
all in spot closing basis.
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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, March 31, 2010
mkt ahead...31st mar 2010...
Posted by
abhay r somkuwar
at
6:36 AM
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