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INDIAN EQUITY MARKET INVESTMENT STRATEGY

INDIAN EQUITY MARKET INVESTMENT STRATEGY

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Published by equitytrendz
Investment cum trading strategy
for indian equity markets.
Investment cum trading strategy
for indian equity markets.

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Categories:Business/Law, Finance
Published by: equitytrendz on May 11, 2009
Copyright:Attribution Non-commercial

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10/19/2010

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WWW.EQUITYTRENDZ.COM
 
PERFORMANCE REVIEW OF LAST WEEKSRECOMMENDATIONS
 
SUN TV
:
Bought at 195 and sold at 233 
IRB INFRA
:
Bought around 92 - 95 range & sold at 100 & 105. 
MRPL 
:
Bought at 50 and sold at 52.5. 
BANK OF INDIA 
:
Bought at 230 and sold at 235 - 238 range 
MRPL (53):
 
Bought at 53.5 and held for higher targets. 
AREVA T&D (232):
 
Bought at 222 and held for higher targets.
 NTPC ( 190)
 
:
Bought at 190 and held for higher targets.
WEEKLY MARKET UPDATE AS ON 11th MAY
 
NIFTY (3620) 
As mentioned in our last weeks report, Nifty recorded a high of 3717 andentered into a correction. Accordingly, the Nifty commenced a minor correctionand declined to around 3582.
 
During the current week, expect the Nifty to face resistance at 3663 - 3705. Aclose above 3663 will signify strength. A rise or close above 3695 - 3717 will takethe Nifty to around 3766 - 3800 levels.
 
On the downside, a break or close below 3570 will take the Nifty to 3534 -3425 levels. In case this happens, it should be deemed that we recorded asignificant high @ 3717, which can then be expected to hold for a period of around 2-3 months and would mean the begining of of a sideways /down move.
 
During May, the Nifty has to close above 3663 before 15th May ( preferrably aweekly close), it will then head for a target of 3848 by end of May.
 

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