Monday, October 5, 2009

Buy on Dip

Well, US markets have not been able to trade above 20 DMA and are expected to retest 50 DMA. Nifty has key supports at 4850-4880.
 
One should use the dips to buy and as long as 4800 in intact the trend remains up. IDBI, IDFC looks good on charts with support at 118 and 150 respectively.
 
Infosys is going to announce its result this week. If it comes out with positive result then we may see moves in Rolta and 3 I Infotech
 

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