Tuesday, April 27, 2010

Market may remain sideways

Our one of the swing trading ideas Sterlite has done well yesterday.

Nifty may remain sideways  as it is trading near  a major resistance zone. Most of the Q 4 results are already factored in. Therefore, Index heavyweight may also remain sideways.
Mid cap space may show some momentum .
Expectation of good monsoon augurs well for select fertilizer stocks.Graphite India is trading at new highs. Graphite is used as moderator in Nuclear Reactor Plants

NFL has support at 96 and resistance is at 126


Graphite India  has support at 93  and resistances are  at 120-130


Trade well, trade less and have fun

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