Today Nifty was able to trade out of the narrow range it has developed for the past one week. Jindal Steel and Power, Welspun Gujrat, Patni Computer and Suven Life Science are very strong on charts and one can even make a short term portfolio of these four stocks. The risk takers can also go for Adlabs Film and DLF.Book profit on this portfolio when Nifty trades around 5200.
Dollar is expected to remain weak and this may lead to more FIIS inflow to our markets. It seems that earlier Yen was used in Carry Trade now Dollar may be used for Carry Trade.
As long as momentum is strong remain long and reap the profit.
Happy trading
Tuesday, September 15, 2009
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