Chart Check:

Excerpts of my mail to the Paid Groups:

Investors can accumulate SEL Manufacturing Company Ltd (BSE Code: 532886) at Rs.72--Rs.73 for a target of Rs.190--Rs.210 in the next 3 to 4 months time frame. The textile sector is picking up after having recovered from the downturn. There are some good news coming from the company...

Yesterday, the markets traded in sideways fashion after a momentary breach of 5000 levels on the NIfty.

Action was witnessed in the midcap and and small cap section of the spectrum with a clear positive bias. 4859-4900 in case of Nifty should give it necessary cushion for any sharp fall. Declines to this zone may be construed as buying opportunities for participating in this medium to long term up trend.

XXXX seems to be the next logical target for Nifty and should come in this leg of rally. However, on the flip side Nifty has a stiff intermittent resistance posted at XXXX.

Therefore given the positive long-term trend, investors should keeping holding on to longs with trade pivot paced at XXXX. Investors should now use every dip as a buy to be sold after the Nifty Targets are achived by XXXX.