On Friday (12-11-2010), we saw nifty breaching just above its 50 DMA (Strong support level) of 6020. We are again expecting a bounce from our current levels, considering a limited downside. A breakout is expected towards 6200 as target levels. Our Analysis: Buy Nifty 6000 Call above 121 for Targets 190 / 222. Keep stoploss: Exit call if Nifty trades below 5995 levels. ... [Continue Reading]

Breakout of 6095 levels is a positive signal to enter long in nifty, So, Buy Nifty 6100 Call for November series above Rs.124 for target of Rs.158 / 180 levels, Also, keep stop loss at 111 levels. Targets are likely to be achieved next week. Strong momentum is possible in Nifty next week. ... [Continue Reading]