Hello All,
Dear friends, welcome. In the post of 2nd May, it was clearly mentiond about the target of 3700, which was achieved today. The way it came down, shows the profit booking process is going on with pace. Now as far as 3600 holds, there should not be any problem. Break of 3600 and close below it, will start creating problems. But again, like we mentiond earlier, the real panick will start only if it closes below 3300 for consecutively two days.
We have mentioned earlier in the post of 4th May, that close above 3800 will lead to the optimistic target of 4000, which is looking hard to achieve at this point in time. Let us see, wait and watch. Market is supreme. Here are some recommendations for Thursday, 7th May, 2009. So till the next strong signal comes. . .have a nice time. Trade safely. Happy trading.
1) Buy GTL with SL of 254 for the targets of 259 / 260.5 / 262 and the range is 5/-
2) Sell IOB with SL of 64 for the targets of 60 / 58 / 59 and the Range is 4.50 /-
3) Sell NOIDATOLL with the SL of 30.5 for the targets of 28 / 27 / 25.5 and the Range is 2 /-
Thanks & Regards
Avinash Raste