Markets are still volatile but Nifty managed to close above 100 EMA amids lots of news flow both positive and negative.Resistances are at 5930-5950 and supports are at 5800-5850.
In this recent carnage some of good stocks got hammered for no apparent reason . They have corrected to 200 EMA and now are showing resumption of uptrend.
Tata Coffee CCL are some of the stocks one should consider. Tata coffee has good support at 480 and resistance at 590.
Small PSU banks like UCO bank , Vijaya Bnaks are showing good buy patterns on charts.
Nifty may trade in a range and action may shift to individual stocks .
Trade less, trade well
Wednesday, December 1, 2010
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