Sunday, June 26, 2011

TREND FOR 27th JUNE

Markets are in fine fettle & are above 5 & 10 EMA,thus the NIFTY is likely to move up to 5482 - 5570, where it might encounter some sort of resistance & on the downside it may slip to 5370. Long positions can be taken in ABB for a target of 912, ABGSHIP for a target of 408, AMBUJACEM for a target of 147, ANDHRABANK for a target of 147, BIOCON for a target of 373, CENTURYTEX for a target of 395, CHENNPETRO for a target of 346, INDUSINDBK for a target of 287.
                                                CHEERS !!!

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