Nifty Outlok:
4304 is the 50% retracement level for nifty. Short Nifty on rise with sl just above that,Positional traders keep sl of 4520 tgt of 3800.
For intraday short nifty below 4192 with sl 4250 and tgt 4100(technically nifty should not go above 4270)
Nifty Strategy with call and put:
Nifty is expected to remain below 3500(more aggresive: 3300) and on the downside 3800(more aggresive 3900) and one week is left for the expiry.Sell 4400 call at cmp (33) and sell 4500 call at cmp (18),loss is unlimited above 4451 and max profit is 2500 if nifty remains below 4400 before expiry.
3304 is the pivot for nifty,below this its going to test 3800 and above that 3500.
Stock Calls
Reliance is at crucial support level(cmp 2115),if it goes below 2100 then short with sl 2130 tgt 2000 ( again 2000 is the medium term support)
(On the flip side buy above 2150 with tgt 2174-2200,chances are rare)
Short tata motors(cmp 356) at 360-365 sl 375 tgt 340
Reliance Communication: short at cmp(324) sl 332 tgt 310 ( Can reverse the trade there as well,strong support at 300)
Sell Suzlon energy at 94-96 sl 100 tgt 85-70
Sell Hindalco(cmp 79)at cmp till 82 sl 87 tgt 72(be)
Sell Reliance Capital at cmp(857) till 865 sl 890 tgt 800
Sell Welspun gujrat at cmp till 148 sl 155 tgt 130
Sell TV18 at 135-136(cmp 132) sl 141 tgt 126-120(technically it should not go above 140)(be)
sell Abb at around 640(cmp 616) sl 660 tgt 580-535(530-550 is good support)
Sell Ivrcl(cmp 253) at 257-260 sl 265 tgt 240(be)
Positional traders sell Sterlite industry (cmp 532) at 540-550 sl 565 tgt 450 in 15 days time
Sell GVK Power(cmp 38.5) at 40-41 sl 43 tgt 35(be)
Sell Bata India at 145 sl 152 tgt 120
Trade with small quantity and execute at the given levels only, as always stocks with RED are having high probability of success.
Happy Trading.
No comments:
Post a Comment