Wednesday, June 1, 2011

NSE Alert

NIFTY
Yesterday NIFTY closed at 5560 showing a good move on the upside but managed to close just below 50DMA at 5575. If it manages to cross above 5575 then the possible targets on the upside may be 5590, 5620 and 5640.

HINDALCO
Yesterday hindalco showed a smart move on the upside. If it manages to close above it 50DMA at 204 then it may touch 209 and 215 on the upside.
So at this stage its a clear buy call at CMP with strict SL at 193. 


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