Thursday, 8 December 2011

Outlook of Nifty for 8th Dec


Nifty future immediate resistance is placed at 5094 and crossover with volume will target towards 5139 once again. 
But if fails to cross 5139 and trades below 5094 then it may retest 5036-5015 on the downside. 
A breach below 4997 will again drag nifty back to 4936-4915 mark.

Buy TajGVK with a strict stoploss of 75 for the targets of 82 and 89.
Remember, it is not an intraday trade. One will have to keep the position for 3-5 trading sessions.

Optocircuit looks promising but a stoploss of Rs.193 is must for the target of Rs.220 within 3-5 sessions.

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