Tuesday, April 03, 2012

Need Some Consolidation ???

Yesterday I wrote 5320 as Resistance - which was cleared today by a Gap up. Now Resistance became supp as shown on chart. Also Nifty out of Channel - seems to be need some consolidation as 5380 also working as a Resistance. Tomorrow if the Gap get filled without breaking 5320 then we may move up firmly for Next Target on Nifty. Tomorrow is the Week end closing as there are 2 days Trading Holidays - Interesting things may happen? Lets wait for it. Cheers!!!

HDIL Call given on Yahoo Messenger on Friday - to Buy above 88 with SL of 79. Target 94 & 104. Today got triggered. Now as per Chart here - I hope Sw(2) has done with 61.8% Retracement of Sw(1). As there is a Break Out on Chart - I am Bullish on this Stock on coming day for the Targets

VIP Ind - Call given today on Yahoo Messenger to Buy at 103.75 - Stock moved on Intraday upto 109.4 - I'm Still Bullish with a Target of 114 & 125