Wednesday, August 10, 2011

TREND FOR 11th AUGUST

Today the Markets witnessed a relief rally, but technically is still in negative zone, being below 5 & 10 EMA but also being in oversold zone,the Nifty may move up to 5192 - 5289 & on the downside may slip to 5127. Long positions can be taken in GMDCLTD for a target of 171, HINDUJAVEN for a target of 372, HOTELEELA for a target of 50, KOTAKBANK for a target of 508,OPTOCIRCUI for a target of 304, TATACHEM for a target of 390, TECHM for a target of 800.
                                              CHEERS !!!

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