TREND FOR 23rd MAY

In spite of the positive rally on Friday the markets are still technically weak & though they are above 5 EMA, but are still below 10 EMA . The Nifty may have found it's bottom at 5400, which is holding for last few sessions, thus the Nifty move up to 5499 - 5583 & on the downside it may drift to 5400. Long positions can be taken in ORIENTBANK for a target of 377, PANTALOONR for a target of 284, RAJESHEXPO for a target of 105, SIEMENS for a target of 900, IDFC for a target of 155.
                                                                                                                CHEERS !!!