Wednesday, May 18, 2011

TREND FOR 19/5

Markets continue it's downtrend, though it appears that the Nifty has taken a psychological support at 5400, but all the technical indicators indicate a further fall, unless some positive cues come along the way. Thus the Nifty may slide down to 5358 & on the upside it may move to 5471 - 5517. Investors should stay away from the markets but the compulsive traders can take long positions in SUZLON for a target of 58, BHUSHANSTL for a target of 490, MUNDRAPORT for a target of 158, ROLTA for a target of 150.

                                                                  CHEERS !!!

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