TREND FOR 5th SEPTEMBER

Markets are in positive zone technically being above 5 & 10 EMA, but red candlestick formed on Friday is an alarming factor, thus the Nifty may move up to 5063 - 5110 & on the downside may slip to 4960. Long positions can be taken in BRIGADE for a target of 76, DENABANK for a target of 90, DLF for a target of 248, GODREJIND for a target of 235, HINDALCO for a target of 196, INDUSIND BK for a target of 292, JETAIRWAYS for a target of 383, JSWSTEEL for a target of 880, NATIONALUM for a target of 85, NMDC for a target of 262.

                                                                 CHEERS !!!