Nifty is on the verge of retesting its recent high of 5181 on the back of strong momentum and positive global cues.
We were the only one who never went short on the market and instead bought every dip. There is no rocket science involved in our analysis. We remained with trend which is up.
Cipla, ITC, Jindal steel n Power, Jindal Saw , GAIL are trading at new highs.
Torrent power has resumed its uptrend after correction, it has broken out of bullish flag formation. It has support at 310 and resistances are at 370-400. GSPL has supports at 90 and resistances are at 113- 125
PSU banks are showing breakout after consolidation.
Monday, November 23, 2009
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