Sunday, November 7, 2010

NIFTY NEXT-Next Target of Coal India Shares

Coal India shares soars after listing at 291 on 04Nov2010 & makes new high of 356.5 on Muhurat Trading )05Nov2010). On the 2nd day CIL has seen huge profit booking at higher levels around 356.We have picked Coal India for our Modern Portfolio Picks. On analysizing the 2 Days price movement of CIL, it has strong resistance at 356 & Support at 346. All major technical indicators are positive for CIL. Due to lack of Data for Technical Analysis, we are unable to guage the NNI & NNTF for CIL. We suggest the Traders to Book Partial Profit in CIL at 360-366 level on Monday(08Nov2010) & re-enter at 315-325 level by next week(15-19 Nov2010)
Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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