Friday, May 20, 2011

TREND FOR 20th MAY

Markets continue to to trade in negative zone & are below 5 & 10 EMA. The Nifty may drift down to 5358 & on the upside may move up to 5457 - 5501. Long positions can be taken in CHENNPETRO for a target of 231, ABIRLANUVO for a target of 874, GITANJALI for a target of 290, LT for a target of 1741, SIEMENS for a target of 900.
                                                            CHEERS !!!

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