Nifty 50 weekly outlook and few Stock trading ideas

By | January 18, 2009

Hi all

Hope you all had Rocking week.Now coming is week is very interesting from the perspective of Results as Index Heavy Weight will come up with there results (Reliance HUL Rcom)

Nifty is facing strong Resistance at 2860 and once it crosses that we can see 3k Levels.Support comes at 2700 if that breaks we can see easily see 2640 and

Stock Specific Ideas

Reliance:Stock showing good strength can see 1252 and 1287 Support comes at 1161 and 1104

LT has support at 701 and 686 if it sustains these levels can see 731 745 and 772 Levels

ADLABS FILMS BUY IF BREAKS 179 tgt 186 and 190 sl 169

AbiralNuvo stocks is facing resistance at 555 and support at 732 if it breaks above 555 levels cab easily see 565 and 585 levels

ONGC has support at 606 and now faces resistance at 669,680 and 691.

M&M above 325 can touch 345 sl 313

Keep a default Sl of 1% and keep trail your SL’s

Happy Trading to all

One request to all.Please post ur comments as that will help me to improve my services to you all.


Regards,
Bramesh

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