The Nifty touched the overhead resistance near to 5130 and has closed above this level. A good and strong rebound from the 'Dubai' panic. Intraday traders watch the 5085 levels for tomorrow ... !
Well stock specific - Suzlon seems to be generating buying interest yet again.
The technical indicators - especially the RSI - suggests that the buying momentum is building up and that investors who can take a risk of Rs 15/- in this stock can targets the Rs 110 - 115 levels in days to come. ..
Woops - mid caps are turning up again .. More than meets the eye ???
And yes, all bullion traders out there - watch Silver - a break beyond $19 should see lot of action ....
Happy trading !!
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
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