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Tuesday, October 6, 2009

For 6 oct 2009



So levels worked on Monday well...
Now I think not entirely but more than 50% loss of y'day will get covered...
for Tuesday I suggest....
BIAS---positive
RANGE---4990....5055
ENTRY LEVEL---4990/5015...5055/5080

STRATEGY.....
1) If nifty opens near 5015/4995...go long with sl 4990/4965...tgt 5055/5090
2) If nifty opens near 5020... go long with sl 4995...tgt...5055/5090
3) If nifty touches 5055....go short with sl 5075
4) If weakness not seen near 5055 wait for 5075 to short with sl 5090
5) If 5090 maintains well new high expected fast crossing 5110....dont short there