Global markets had a volatile session yesterday after the S&P downgraded its debt rating on Spain. This follows downgrades on Greece and Portugal, which sparked a selloff day before.
This is time to lighten up, book profits and wait on the sidelines with some cash in hand. Keep your volume low and buy small quantity and be quick to book profit.Nifty has major resistance at 5350-5400.
Reliance Industries is attractive at these levels and one can also average it down if it falls further.
Going forward we may see volatile sessions ahead.
Kovai Medical has very intresting patterns on charts. Its peer Apollo Hospital is also doing well. In a lighter vein in this global financial turmoil Hospital sector will do well
Kovai Medical has support at 145 and resistance is at 175 / 200.
IDFC has support at 160 and resistance is at 175
Trade well, trade wise and have fun
Thursday, April 29, 2010
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