NIFTY DAILY OUTLOOK (29-10-2010)

We see nifty  opening with gap down to breach yesterday's low of 5968 by nominally 10-20 point during the initial first hour. From there on we are of the view that nifty will jump stupendously like spring board jump & should minimum gain +100 by the end of the day. We are overtly bullish for the day. BUY WILL BE THE BUZZ WORD OF THE DAY AFTER 10.00 A.M. All prices are cash prices.




(1)BUY JSWSTEEL AT 1310 OR BELOW WITH THE STOP OF 1272 FOR THE TARGET OF 1420 OR ABOVE.




(2)BUY VOLTAS AROUND 240 WITH THE STOP OF 234 FOR THE TARGET OF 260 OR ABOVE.




3)BUY BGR ENERGY AROUND 767 WITH THE STOP OF 742 FOR THE TARGET OF 860 OR ABOVE.


 

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