Sunday, August 7, 2011

TREND FOR 8th AUGUST

Markets continue to reel under pressure & it is expected that the pressure would continue due to world wide scenario, though it may give a technical bounce as it has reached oversold zone, this indication has also been provided by the long tail of Friday's Chart. Thus the Nifty may try to move up to 5353 - 5428, on the other hand on the downside it may drift down to 5117 & though it's a grim scenario, one may start nibbling in DISHTV for a target of 95, JSWSTEEL for a target 765, NMDC for a target for a target of 261, PRISMCEM for a target of 49, ZEEL for a target of 140.

                                                             CHEERS !!!

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