Dear Sir.
Plz find attached herewith market recommendation for
19 th May,2009.
Zahid latif--~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---Title: MARKET RECOMMENDATIONS FOR 19TH
MARKET RECOMMENDATIONS FOR 19TH MAY.2009.
=============================================
NIFTY(4323)-
History was created when markets hit the upper circuit
twice and trading was halted for the day. Since volume was very
thin it will be premature to assume that new fund has flown or is sure
to flow in to the market. To get a clear picture market must trade
a session or two with normal volume. Keeping global clues and
local euphoria in mind we can expect to see 4520 on the Nifty,
if this is broken 4715.However since market has already moved
up by 22% in last two sessions creating new long will be risky,
one must book profit at these levels and wait for lower level to
go long. We can be assured of support for the market at 3700.
RPL(142)-
Target 153 and 175.Support 140 and 125, SL 118.
SUZLON(93.35)-
Target 100.110 and 120.Support at 88 and 80,SL 75.
RNRL(69)-
Target 80 and 85.Support 65 and 60,SL 57.
UNITECH(64.20)-
Target 73 and 77.Support 59 and 53,SL 50.
POLARIS(84)-
Target 93 and 100.Support at 80 and SL 75.
(ALL SL ON CLOSING BASIS)
=====================================
