Markets are in strong uptrend and most of the retail traders have the temptation of going short on Nifty. As a trader one should not flow against the flow. One should be in tune with the market.
Global markets are showing strength.Dollar is again going south and commodities are firming up. In US, Street expectation is that the Fed will leave its target range for the federal funds rate unchanged at 0.0 to 0.25 percent, although analyst will be keeping a close eye for any indications of future rate hikes.Intel Corpn has announced that personal computer sell is picking up.
Tomorrow we may see action in HCC with supports at 115 and res at 160 and RPower with support at 165 and res at 190.
Our weekly picks Tata Motors and Satyam Computer has done well today . You should exit from these two on Friday.
BTST trade India Info Line and Rolta are expected to do well tomorrow , if u have taken any position you should exit by 10.15 Am.
As long as the momentum and trend is up take every dip as buying opportunity.
Tuesday, September 22, 2009
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