We closed today at a new high with support from global cues, tomorrow also we can expect a gap up opening and crossing 5500 but it looks very difficult for market to sustain there so it is advisable to short market at opening and get some quick profits,DOWJONES,FTSE and NIFTY have become overbought, a correction is imminent.market may react as per these levels 5389-5411-5448 SUPPORTS AND 5507-5529-5566 RESISTANCES..TRADE WITH CAUTION.....GOOD LUCK.
SELL WIPRO AT CMP TRGT 410 SL 450
SELL SBI ABOV 2650 SL 2700 TRGT 2550
ACCUMULATE JPASSOCIATE SL 110 TRGT 130-40
ACCUMULATE IDFC SL 170 TRGT 195..AND KEEP AN EYE ON THESE FOR INTRA -TILAKNAGAR,KSKENEGRY,ABCIL,DCM,GARWAREOFFSHORE.
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