Nifty Outlook for coming week(13th April to 17th April 2009)

Nifty will remain positive in the coming week. Though some heavyweights are near their resistance level,some heavily beaten down stocks are expected to perform well.
As written in the previous letters 3400-3420 acted as a main hurdle for nifty and a sell-off came in at those levels. Despite this fact I believe that nifty will go close to 3800 levels before April expiry or at max may 1st week. Then we can expect the market to take southward direction.
3200 and 3150 will act as a major support level.nifty should not go below 3150 levels in the short term. Expected range for nifty in the coming week is 3200-3600.
So my advice will be to buy nifty close to 3200 levels(if market corrects and nifty comes to those levels) or buy if nifty closes above 3420.
Some of the stocks which i have recommended have already achieved their targets(please read my previous posts) and some are still close to recommended level, you can consider adding them to your portfolio for short term gain.
Good Luck.