May Outlook:-
We have indicated Nifty shall move in the range of 4500 to 5000 in Our bear sway may be over thread which proved to be 100% true,as the range ot Nifty for april actually was 4630-5230.Now what will happen in May?
Only Panic Indicator : Inflation beyond 8%
As of Now 5330 should offer stiff resistence
Reason: Profit Booking By Bulls & pressure by Bears.The Rally from bottom formed in March 2008 is almost give 900 Pts so investors are traders shd excercise caution,take the profits & stay in 50% cash.
Nifty Might Touch 5500 During the Month
Buy 5000/4900 Puts to hedge ur open positions & portfolios
Investment Pick: Sandur Manganese & Iron Ore BSE CODE 504918
CMP 686 SesaGoa In Making Nice Valuations
Keep Watch & ADD SMALL QUANTITY......
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