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
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Bullish formation in Sensex

Befor annalyst comes on tv and sing a song of india story and its resource or growth let us say it forst...it is looking extrimly bullish if 16500 is not broken now even if market corects in coming days and return from 16500 it will be indicating that market is heading towards 22500 range in next six to eight month there will be problem only if we break and close below 16500 range for more then two three days otherwise as per our old post secular bull run till 2010 is intact enjoy Read more!

Supertex Ind. may be next IFCI

Friends there is hardly any down side left so risk is very low where as reward looks high these kind of circuit stocks can get double in no time....as ifci ran from 8 to 80 this may not 90 paise to 9 rupee but 5 rupee can be seen in six months time if june results come positive with foreign tie up news.....enjoy
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NTPC just behind nifty......Buy

hope u all remember my last post about nifty...same patern seen here
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