Thursday, August 18, 2011

TREND FOR 19th AUGUST

Markets continue to sulk in negative territory as they are at 52 weeks low, thus the Nifty may bounce to 5040 - 5127 & on the downside may slip to 5895. Technically speaking nearly all the stocks have a bearish structure, so long positions should be avoided. I could only find COREPROTEC with a decent structure, which can be entered in for a target of 320.

                                                    CHEERS !!!

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