[sharetrading] Free Intraday Tips For 29 April 2010

 

Free Intraday Tips For 29 April 2010

Nifty ended the day in red in line with other global indices. It has formed a head and shoulders pattern, which a bearish trend reversal pattern. It has closed below its daily averages—again a bearish sign in the short term. The equality target of the fall from 5400 to 5160 comes at 5127 currently. The interesting thing to watch on the momentum front is that the daily momentum indicator KST has made a hinge for the second time in a row, which shows a bull trap at higher levels. The market breadth was negative. So let's see how Nifty takes the last breadth before the expiry. With all these developments, we make our short-term bias down with a reversal above 5330.

 

Nifty Close 5215

Nifty Support 5160-5120-5080

Nifty Resistance 5280-5330-5380

 

1. Buy Tata Comm 271 SL 263 TGT 282-288
2. Buy Tata Power 1344 SL 1338 TGT 1354-1358
3. Buy Maruti 1270 SL 1263 TGT 1288
4. Sell TCS Below 760 SL 771 TGT 745

--
With Regards,
Kushagra Mehta
http://www.daytrading.in/

 

__._,_.___

Reply to sender | Reply to group | Reply via web post | Start a New Topic

Messages in this topic (1)

Recent Activity:

• New Members 5

Visit Your Group

Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!

MARKETPLACE

Stay on top of your group activity without leaving the page you're on - Get the Yahoo! Toolbar now.

---

Welcome to Mom Connection! Share stories, news and more with moms like you.

---

Hobbies & Activities Zone: Find others who share your passions! Explore new interests.

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___