Monday, March 30, 2009

Mercury is Back - Rakesh Chandra

The market has behaved in the same wayas we have pointed out in our last astro report. Last 2 weeks, bulls have had a field's day post March 12.

Now, March 31, Mercury is back with Sun, so a dip is on cards. This essentially means a buy on declines.

For next week, with 3,106 as Stoploss, buy above 3,148.37, for targets of 3,218 and 3,330.

With Stoploss 3,148, Short below 3,105.63 with lower target 3,036 and 2,924.

For S&P500, with stoploss 808 buy next week above 816.30 for target 829 and 851.

With stoploss 816, next week short below 808.20 with target 795 and 774.

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