In the current scenario nift has to trade above 4400 levels and sustain,in ordr to show its strength. Below this level weakness will continue ad every high will befollowed by a downside wth continued selling pressure on market! So profit booking is adviced at every rise,dont expect for huge gains overnight.
For nifty 4405 is cruciallevel to watch on upside and 4210 on lowerside. Breakout on either levels will lead to sharp movement.
Nifty levels-
Support- 4345-4310-4280-4250-4205-4170
Resistance- 4395-4405-4430-4445-4480-4502
Stocks to watch-
Reliance capital
Accel frontline
Reliance communication
GS Auto International
Satyam computers
**For safeside- Keep booking profit when the stock is 5-10% up. As soon as the stock starts trading above your buying price, make your buying price as your stoploss,doing so you will never be in loss in any kind of market!!
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