Hello Readers,
April 2008 was a great month for stock markets as Nifty rallies from 4800 to 5100 + lvls. This we have predicted in our newsletter Dt 04 April 2008 , please click on this link to read the same newsletter : http://alliesfin.blogspot.com/2008/04/market-view-4-april-2008.html
Also technical reasons were given showing charts that y we r bullish on markets, after reading u will to get the idea.
There we have spotted Nifty lvls like
" Anyways our views are bullish on the markets & we will see upside rally in the days to come as imp resistances are 4925 , 5050 , 5170 & 5250 while imp supports are 4725 , 4650 & 4580. "
We are very close to 5170 lvls as we Nifty closes abv 5100+ lvls, any close abv 5170 lvls nw wil take markets to 5250 , 5325 & 5400+ lvls, this r pure technical lvls, Those who are long on the markets can use trail stop loss like 4925 lvls on closing basis. Any close below 4925 spot lvls can reverse the trend.
We have given Technical buy calls on 04 April 2008 like Reliance pack, Banking Stocks & Engineering / capital goods stocks, one can check the then prices & prices closed on 25 April 2008, Stock prices just rose by 10 to 15 % approx
In last few days other sectors which outperformed were Telecom, Metals, Sugar.
We would like to continue with our trading recomendations on Reliance pack, Banking & Capital goods / Engineering stocks with trail stop losses or Trail stop loss @ 4925 spot Nifty lvls.
One who is happy with such 10 to 15% gains in prices can book profits as these are handsome returns in short span of time.
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Regards,
Allies Financial Services
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