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Trend of the Market - 12.10.2007 |
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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Post: #1  Posted: Fri Oct 12, 2007 9:13 am Post subject: Trend of the Market - 12.10.2007 |
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The Market was extremely buoyant on 11.10.07 and Nifty Futures has closed at 5545.05. All corrections happen on intraday itself and market bounces back vigorously once it is over.
The Trend of Nifty for 12.10.2007 is as follows:
Resistance is 5567 and Support at 5493
Breakout : 5578 and TGTS are 5606.35 - 5624.45 - 5653.80
Break Down: 5483: TGTS are 5454.15 - 5436.35 - 5407.55.
[b]For Swing Trading
Action Stock:[/b]
Cummins looks positive with SL at 432 for TGTs of 453 - 458 - 466
Reliance capital is also positive with SL at 1750 for TGTS of 1955 - 2019 - 2058 -2121
Zee Tele has turned positive with SL at 334 for TGTs of 360 - 368 - 372
Watch List:
Birla Jute crossing 359 in futures will move to 388 - 407 - 436. The Sl should be 311, once it crosses 359.
PNB crossing 521 in futures TGTS are 545 - 550 - 559. The SL should be 505, once it crosses 521.
C T RAMESH RAJA |
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