YESTERDAY’S RECOMMENDATION UPDATE:

JETAIRWAYS almost HIT  final TGT 518 MADE HIGH OF 517.35

 BUY GIVEN AT 503

LOT SIZE: 1000

NOW TOTAL PROFIT: 28700 IN JUST 2 LOT

Buy MOTHERSUMI above 372 tgt 378/382 sl 365

Primary trend of the MOTHERSUMI is bullish and after giving breakout of its MONTHLY PIVORT POINT range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 370 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 67, one may expect the targets of 378/385 in the stock if it manages to sustain above the immediate support level of 370.first resistance level seen on charts at 382.

Go Long Until Nifty Closes Below 9020

Sensex ended at 29,409, up 172 points, while Nifty closed at 9,100, up 55 points.  Technically, Nifty is still in negative zone. Closing below 9020 would force Nifty to see sharp downfall but until Nifty holds 9020, there is strong chances of sharp bounce in the market. Once Nifty closes above 9123 levels, market would move towards new highs but until then sideways movement would be seen. Traders can go long at dips until Nifty holds 9020 on closing basis.