March 2007


Dear all ,

 NIFTY has bounced back as expected from its neckline support as posted previously . Also note the volume jump in the rise thus indicating that the rollovers to the next season have been smooth and now we may expect the index to takeout the earlier target of 3970 level within 10-12 sessions.

S&P Nifty2.JPG

 Given this back ground i would recommend longs ins NIFTY with a strict stoploss of 3750 levels  with a price target of 3970.

AvINASH mb

ps: I hold positions in NIFTY April series …:)

Also request you all to popularlize my news site http://indianewsbox.com

 

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