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Nifty Trading Targets for 16th May |
samminc
White Belt
Joined: 11 Sep 2007
Posts: 13
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Post: #1  Posted: Fri May 16, 2008 9:11 am Post subject: Nifty Trading Targets for 16th May |
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Nifty has shown visible breakout from the triangle formed with 5055 as stop. Now this breakout will have the first target close to 5240 range. We need to wait and watch if the previous high of 5272 is broken.
The following are the nifty futures trading targets for today:
1. Nifty might slip into 5080 range which is a good entry point.
2. Keep tight stop loss at 5055 levels for any long entry
3. Today high is predicted as 5188 and hence we can book profits accordingly.
Happy Trading
Samminc |
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