Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011 - Disclaimer Post Applies

Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011

While we maintain our downside view on the Nifty we would watch for a close above 5910 which would then violate the down move and then possible upside targets could be around the 6050 – 6100 levels. However if the down trend resumes from Monday we could witness a fall till 5725 levels. On a close below 5700 we would definitely see a fall till 5550 – 5575.

Stock Trading Ideas

· BHEL – Short this stock at 2057.5 for a target of 2032/2010/1991



· Axis Bank – Buy this stock at 1449 for a target of 1459/1467/1485.

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd