Tuesday, June 10, 2008
CLOSE BELOW BSE 15300 ULTIMATE TARGET 14677 & below And at the level aggressively buying expected in the market/short covering. |
| Over leverage Short Position in the market Corrective Rally likely Play for short sell at higher level |
| Please Cut + Paste monthly level and decided your trading strategy in the month of JUNE Trade below bearish and trade above bullish |
| NIFTY FUTURE
Today resistance 4500, 4538.......... |
| Golden Rules of Profitable Trading. 1. Making money in the markets has almost nothing to do with how often you win - but everything to do with how you manage your risk. 2. Never risk more than 10% of your account equity on any one investment, trade, or recommendation. 3. Always use protective stops! 4. How you exit a trade is as important, if not more important, than how you enter it. 5. Discipline makes money - Discipline in predetermining your risk and putting as much emphasis on when no exit a trade as you do on when to enter a trade. 6. Ignore the News. 7. Always keep in mind : News does not dictate the major trends in any market or security. To the monetary, news flows from the trends. |
| NIFTY : Today support 4483, 4450, higher level it will face resistance 4554, 4608, thereafter..... Below 4400, panic in the market. |
| NIFTY (Monthly) Trend Decider 4990, continue close above, positive only, down side remain below, 4681, 4493 and below, higher level above 4990, it will face resistance 5178. |
| BSE : lower level major support range 15300-15500 and at the level dead cat bounce can not be ruled out) Today support 15038, 14845, higher level it will face resistance 15300-15332, cross and close above think some positive bias in the market, otherwise.... |
| BSE (Monthly) Trend decider 16782, remain below, down side target 15829, 15242, higher level it will face resistance 17368, 18322. |
| RELIANCE Monthly level 2606. Higher level massive resistance 2340 and remain below bear favour.....Today it will face resistance 2200, 2218....... |
| RCOM Monthly trend decider 571. Down side 542 are a good support, higher level sustained above 562 looks promising up to 571,thereafter do not remain short in this counter. |
| RPL : Keep a stop loss 180 and sell .Consider yesterday low a good support , if hold corrective rally on the card. |
| REL CAPITAL : Monthly trend decider 1320. Looks good... today crossover 1110, immediate target 1139, thereafter.......... |
| GMR INFRA Monthly trend decider 145. Consider time being support 110, above 115 target 118. |
| BALRAMPUR CHINNI : Monthly trend decider 95. From 100 to 70 non stop, our lower target achieved. No short sell at that level please. Buy in small lots on decline. |
| IFCI :Decline to best buy with stop loss 55. Monthly trend decider 61.50. Buy and buy...... |
| HDFC BANK : Break and trade below, 1200 looks bearish and sell only.... |
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