Apr 26, 2008

SENSEX & NIFTY TRADING LEVELS AND TRADING PICKS FOR THE WEEK 28.4.08 - 2.5.08



RESERVE BANK CREDIT POLICY ON 29TH & US FEDERAL MEET ON INTEREST RATES WILL GIVE WAY TO DIRECTION OF MARKETS

IF REPO RATE IS INCREASED , THEN BREAK FOR RALLY

IF NOT INCREASED THEN SENSEX MAY GO UP TO 18000

CRUDE OIL & INFLATION FEARING THE MARKET SENTIMENTS

SENSEX TRADING RANGE : 16580 - 17800

NIFTY TRADING RANGE : 4940 - 5360

SENSEX RESISTANCE LEVELS : 17540 , 17800

NIFTY RESISTANCE LEVELS : 5220 , 5360

F & O PICKS ; -

VIJAYA BANK CMP 54 TARGET 75

RNRL CMP 123 TARGET 150

ALSO KEEP WATCH IN TVS MOTORS, CIPLA CHAMBAL FERTILISERS JET AIRWAYS IN MOMENTUM STOCKS

INVESTMENT PICKS :

JUBILANT ORGANSYS: 370 TARGET 500

SARA SANITARY : 125 TARGET :200

AVANTELQ : 65 TARGET :150

1 comment:

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