06/MAR/2009

DEAR FRIEND

BUY HINDZINC 349.85 TGT 353.95 / 357.85 SL 345.95 FIRE LEVAL 359.60

Ganesha views a positive opening and this phase may prevail till 10:10. However,the weightage of the day is negative. Hence, trade accordingly.

From 10:10 to 11:20, Nifty may slide down due to increased selling.

There may be an upward movement in Nifty between 11:20 and 13:00.

Due to increase in sale of heavy weight scrips, Nifty may come under pressure from 13:00 to 13:30. But, as the phase is too short, organise your trade accordingly.

The period from 13:30 to 15:30 is unreliable. Enter the market only if you have the ability to take delivery. There is a possibility of short covering, by Ganesha's grace.