3800/3840 nifty for breakouts to upside+ bottom confirmation
Dow jones if flat correction then 11.9 should hold and 12.3k should break
Fomc meeting tonight
Usually when fed stays flat we get a trong upmove.
already damn close to gap down res 3700-3720 if cleared then 3780-3800-3840
Pharma is looking good to me.
Eod short term bottom levels are being reconquered in pharma.
Ranbaxy above 340 will go back to 375-400
Seems like baxy is out of the merck acquisition race. big positive for baxy.
Orchid is already challenging 270 again above 270, 293/300/320 region
Divis is above 2900 again
watch the 13/21 ema res area carefully when trading long on all pharma
Same on nifty has not been retaken yet completely. We are still facing solid res at 13 ema
Tuesday, March 20, 2007
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