Sunday, April 4, 2010

Ideas for the week

Nifty is hovering near its major resistance level. One should watch for closing above 5330 for a few trading sessions.

Everonn system has manged to claw back and closed above 200 EMA with increase in volume after trading below it for 14 days. It has support at 370 and resistances are at 406-418 and 428.

Zydus Wellness : We talked about this stock in our blog before on Feb. 02, 2010 and since then this stock has outperformed the market. The stock is strong on all time frame and should be bough on every dip. The support is at 378 and target could be 450-500.

Trade consistently and have fun.

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