8:30 PM
MTP Research
Hello all,
Welcome. There is a saying in sanskrit, " Na Bhooto na Bhavishyati " which means neither happened in the past nor will happen in future. Yes, the upper circuit is an event which is unusal for an Indian trader & invester. But it happened on Monday making it " The Golden Monday. " We have already mentioned in the earlier post here that 3800 will come first & then 3480. But it has done something so unusual & amazing which none has expected even in wildest dream. Now the correction will be done in its due course of time. Market will do the needful as now there is no fear of uncertain government. With stable govt. market will act in its natural way. trend is clearly up. Any dip will be the buying opportunity. There is a small resistance at 4650 / 4700. One has to be cautious overthere. For further clear strategy we have to wait for a day or two as market can still give us surprise.
Here are some stock(s) to trade tomorrow i.e. on Wednesday, 20th May, 2009.
1) Sell Glaxo with the SL of 1160 for the target of 1070 / 1025 / 950 & the range is 43 /-
Please keep a tight SL and trade. Have a nice & safe trading day tomorrow. Happy trading.
Thanks & Regards
Avinash Raste
Welcome. There is a saying in sanskrit, " Na Bhooto na Bhavishyati " which means neither happened in the past nor will happen in future. Yes, the upper circuit is an event which is unusal for an Indian trader & invester. But it happened on Monday making it " The Golden Monday. " We have already mentioned in the earlier post here that 3800 will come first & then 3480. But it has done something so unusual & amazing which none has expected even in wildest dream. Now the correction will be done in its due course of time. Market will do the needful as now there is no fear of uncertain government. With stable govt. market will act in its natural way. trend is clearly up. Any dip will be the buying opportunity. There is a small resistance at 4650 / 4700. One has to be cautious overthere. For further clear strategy we have to wait for a day or two as market can still give us surprise.
Here are some stock(s) to trade tomorrow i.e. on Wednesday, 20th May, 2009.
1) Sell Glaxo with the SL of 1160 for the target of 1070 / 1025 / 950 & the range is 43 /-
Please keep a tight SL and trade. Have a nice & safe trading day tomorrow. Happy trading.
Thanks & Regards
Avinash Raste
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