Monday, January 17, 2011

NIFTY CONSOLIDATES - UPMOVE ON THE CARDS

NIFTY AGAIN CLOSED ABOVE 5654.30 FOR A SECOND TIME IN TWO DAYS. IT SHOWS THAT NIFTY IS TRYING TO CONSOLIDATES AND WILL TRY TO MOVE UP IN THE COMING DAYS. WE RECOMMEND TO BUY NIFTY AT CMP OF 5655 WITH A STOPLOSS OF 5600 FOR SHORT TERM AND 5544 FOR LONG TERM TRADERS WITH A TARGET OF 5698, 5739, 5782 AND 5832 FOR SHORT TERM TRADERS AND 5835 & 5962 FOR LONG TERM TRADERS.

NIFTY IS LOOKING EXTREMELY WEAK EXIT AT CMP OF 5680

WE THINK THAT NIFTY IS LOOKING EXTREMELY WEAK. THEREFORE WE SUGGEST TO EXIT NIFTY AT CMP OF 5680.

BUY NIFTY AT CMP OF 5650 WITH A STOPLOSS OF 5600

WE RECOMMEND TO BUY NIFTY AT CMP OF 5650 9:16 A.M. AT 17.01.11 WITH A STOPLOSS OF 5600 FOR A TARGET OF 5698, 5744 AND 5780.