Nifty Levels for Sep 24- 2010
S2 – 5891.80 | S1 – 5925.70 | PIVOT – 5966.25 | R1- 6000.10 | R2 – 6040.65
Nifty would face Resistances at 6200 and at the Life time high of Nifty which was 6357.
Trading Cues : SGX NIFTY Sep trading at 5962 -5pts US Mkts closed Negative – Banks and Transportation stocks were down European Mkts closed Negative
Asian Mkts – NIKKEI trading Negative and HANGSENG trading Flat to Positive
Genie’s Views : Keep a SL of 5759 for all your long positions Every dip is a buying opportunity –> BUY AT LOWER LEVELS < --
Genie’s Stock Pick for the day: UPTREND : PUNJLLOYD, LUPIN, CROMPGREAVES DOWNTREND : UNITECH, IBREALEST, HDIL
Never trade without Stoploss