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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