Wednesday, March 16, 2011

NSE Alert

NSE
Buy with SL of 5478. If it breaches 5478 on the downside then the possible targets may be 5442, 5427 and 5404. But huge panic is not on the cards.

On the upside market may surprise us to touch 5508, 5519 and 5527.
If it fails to cross 5519 then expect some short selling pressure on the bourses which may lead the market to touch 5478 and 5442.

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