Day Trading Calls with Market Review for 3 March 2010<http://www.daytrading.in/day-trading-tips/day-trading-calls-with-market-review-for-3-march-2010.html>
The Nifty closed above the 5000 level after retesting the Head-and-Shoulder (H&S) pattern and has achieved the conservative target for the pattern, retracing over 50% of the fall from 5310 to 4675. Now, above 5000 the next resistance is at the 61.8% retracement level. The strong resistance area for the Nifty was the 20-WMA, which was at 4995 for today, and it has closed above it. This is again a feather in the cap for the bulls in the short term. The Nifty is trading above the 20-DMA and the 40-DEMA with the daily momentum indicator in the buy mode. This is also a positive in the short term. So, we revise our short-term target to 5070. ARSS Infrastructure Project IPO Listing<http://www.daytrading.in/ipo/arss-infrastructure-project-ipo-listing.html>Today (3 March 2010) Nifty Closed 5017 Nifty Support 4947/4900/4834 Nifty Resistance 5070/5120/5150 Buy Cipla 315 SL 308.70 TGT 321-328 Sell Tech Mahindra 898-900 SL 918 TGT 878-868-846 Buy DLF Above 297 SL 292.7 TGT 303-305.8 Buy SBI Above 2020 SL 1996 TGT 2060 -- With Regards, Kushagra Mehta http://www.daytrading.in/ -- 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.
