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Tuesday, August 24, 2010

25th AUGUST NIFTY VIEW

In today’s trading Nifty Future opened at previous day’s level, but could not sustain at the day’s high of 5540. From the start of the day, it continued to trade lower and made intra day bottom of 5480 and then bounced back to close at 5510. While making today’s low, I continue to advise caution on the long positions

For tomorrow, short position may be taken with stop loss of 5555. However, above 5530 Nifty Future may show renewed strength to make a new high. If helped by Reliance i.e if it trades above 1000, the task will become that much easier. One can take the Nifty Future trades with this perspective, as the volatility may be higher in view of the FNO settlement this Thursday.

All the best

WATCH HUL 270 CA

WATCH HUL 270 CA 1/- todays dip... (me given evry dip buy buy buy) now made high of 3.6....more to come

Optocircut watch now

AUGUST 20th given call OPTOCIRCUT WATCH NOW .... 278 ...MOVING TOWARDS TARGETS 285-295....IN FALLING MARKETS ALSO OUR CALLS ROCKING.

PATIENCE IS KEY OF SUCCESS

NIFTY DEC 5500 UPDATE

YESTERDAY NIFTY DEC 5500 PE 205 TO 240 ......Started Journey ..... hope you guys bought this.

ALL CALLS ARE ROCKING

ALL CALLS ARE ROCKING....... STAY TUNE FOR BLASTING CALLS.

HIGH 254

INTERNATIONAL TRAVEL MADE HIGH 257.9

BUY BUY BUY...DON'T MISS IT

BUY BUY SPEL SEMICONDUCTOR BUY @ CMP 20 .

STAKE SALE NEWS ON CARD ... TARGET 20 -40% UPSIDE.

BUY BUY

BUY INTERNATIONAL TRAVEL 500213 OVER 247 SL 243.5 TGT 254-260
CAIRN 360 CA 6 TO 7.5

BUY BUY CAIRN INDIA 360 CA

BUY CAIRN INDIA 360 AUGUST CA @5 TARGET 8-12-15 SL 2

BUY BUY

BUY RSWM OVER 160 SL 157 TGT 164-167

HPCL CA

HPCL CA @ 6 TO 7.7 ....

BUY HPCL 540CA @ 6

BUY HPCL 540 CA @ 6 TARGET 10 -15-20 SL 3

24th August Nifty View

Today As I continue to believe that 5600 - the upper channel may act as resistance, I do not advise fresh long position at higher levels. Existing long position may be trailed with stop loss of 5475.

Short position may be taken below 5500 with stop loss of 5555. On the down side it will find support at 5455 and 5420. Though I feel that market may come down to correct, particularly as World markets are trading weak, please do not sell unless the levels given here are broken on the downside, as Nifty Future may continue to hold in view of the F&o settlement on Thursday. Moreover, we have yet to find support from Reliance which has been under performing the Nifty Future.


All the Best.
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