We see  nifty correcting the rise from 5608.10 to 5901.65 from the yesterday's top. The 38.2% correction of this comes at 5790.Looking at the market mood this is too deep a correction. At the same time we are looking this correction to be either zigzag or triangle. If this correction lasts for the whole of today & spills over to Monday, we may have more than 300 points rise from the bottom of this correction. If it is shorter in duration than this we will just see another 100 points rise from the bottom of this correction. We are in favor of longer time duration correction.

(1)BUY GODREJIND AT 235 WITH THE STOP OF THE 230 FOR THE TARGET OF 255.

(2)BUY NIIT LTD AT 72 WITH THE STOP OF 70 FOR THE TARGET OF 78 IN SHORT TERM & 95 IN MEDIUM TERM.

(3)BUY NATURALGAS AT 188 WITH THE STOP OF 184 FOR THE TARGET OF 195 & 202..