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Wednesday, October 21, 2009

For 21 Oct 2009



Buy call given in nifty future last week with positional tgt of 5180 on tuesday......spot done it ...nf discount increased so high was 5168...
Now y'days low is important....then 5060..and 5020 is crucial for Bulls
For Wednseday I suggest..
BIAS---POSITIVE
RANGE---5100...5135...5135...5155
ENTRY LEVEL---5100.....5135
STRATEGY...
1) Buy nifty @ 5100 sl 5080....tgt 5135/higher..
2) Buy nifty @ 5080 sl 5060....tgt 5135/higher..
3) Sell nifty@ 5155 sl 5180....tgt 5100/lower
(NOTE---- Strategy doesn't mean trade.....but to think there for trade ...actual trade depends upon intraday updation......and if traded there what should be ideal sl?? it is shown as sl...)