ONLY 5% TRADERS MAKE MONEY IN INDIA STOCK MARKETS. lEARN THE ART OF MAKING MONEY IN INDIAN STOCK MARKETS WITH REAL TRADERS. STOP RUNNING AFTER TIPSTER/STOCK ADVISORS WHO ARE MORE INTERESTED IN YOUR SUBSCRIPTION MONEY. GO TO WWW.YOUTUBE.COM AND SEARCH "SOKHI TEAM" SEE ALL THE VIDEOS OF REAL TRADERS MAKING REAL MONEY. CALL US AT +919239176426 FOR FURTHER QUERIES

.

.

.

.

Monday, January 24, 2011

SOKHI PICK OF THE WEEK and NIFTY VEIW : Sutlej Textiles & Industries Ltd 532782 CMP 279


Sutlej Textiles & Industries Ltd 532782 BUY 275-283 SL 270 TARGETS 295 / 302 / 310++

Last week closed with a minor gain of 48 points. As indicated last week, the support zone of 5630/5600 was held very well, with Nifty making intraday lows of 5624 (17 Jan) & 5634 (20 Jan). On both occasions nifty bounced back to close positive. On the upper side Nifty has strong resistance @ 5720/5745 zone. This narrow band is keeping nifty range bound.

The scene remains more or less unchanged from last week. The last supports are in the range of 5630-5600. Expect a short term bear phase if these levels are broken decisively on a closing basis. The last major support for Nifty now is at 5390 or thereabout.

In the coming week it is highly possible that levels of 5600/5550 will be tested. However, if 5600/5630 is held, a strong bounce cannot be ruled out. A continued up move can only be sustained after a close above 5835.

Immediate resistance for Nifty is at 5740/5780/5850. Volatility will remain high in the coming weeks.

FOR MORE JOIN SOKHIPAID @ Rs 4,400 for 12 months till 31st JAN. Rush ur mails to sokhitrading@gmail.com

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.