APRIL 21,2011

AMRESH TIWARI

TECHNICAL ANALYST & PORTFOLIO MANAGER 

April 21,2011

As per my prediciton the market worked the same way i mentioned yesterday.Even i predicted the same on the live show which was held by me on April 20 on TV9 (GUJARATI). As i said Buy Nifty with the stop loss of 5700 and target 5816 which was closed by 5852.

It was spectacular day for the markets with both the benchmark indices making significant gains. Primarily, it was late rally in the banking stocks that took the markets substantially up, but IT and metal performed better throughout the day. Other gainers included auto and consumer durables. The Sensex closed at 19471, up 349 points from its previous close, and Nifty shut shop at 5851, up 111 points.

NIFTY :- As per my prediction for April 21 Nifty will be higher by 5925 and support level for nifty would be 5816 which was yesterday's  target by me.As per my suggestion you can hold nifty with a target of 5925 and trialling stop loss of 5816.

TATAMOTORS :- BUY TATAMOTORS @1251 TARGET 1275 SL 1240.

BF UTILITY :- BUY BF UTILITY @ 893 TARGET 912 STOP LOSS 875.