Sunday, April 15, 2007

nifty outlook for 16.04.07

as we saw a smart rally in nifty as tomorrow we have another major it result after market hours tcs.expect nifty to touch 3950-3970 but b aware from noon we can see some colling off in the markets so dont play blindely like friday because everyday is nt friday keep proper sl downside nifty can touch 3903 and this level broken we suddenly watch on 3882-3870.

as international market is up so we expect a positive opening with a gap . but the rsi of nifty is showing in overbought conditiond so b carefull.

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