Nifty 50 Outlook and Stock Trading Ideas

By | February 8, 2009

HI All

Nifty is poised to open gap up tommorow BUt levels to be watched are 2889 and 2905 on closing basis

VIX index has broken out of range and is above 50 which is danger sign for bulls

TRIN and SCO widget have been added

SCO if above 98 is definatley a short and near 0 is a Long

Will write a details explanation on SCO and TRIN indcator

Members are not getting SMS on time so i will be posting Calls on SMS channel and simultaneously posting in Chat BOX in Blog so keep visiting the Blog in market hours if you are not getting SMS on time

Stock Specific

1.Relaince above 1365 cam see 1390 where it will face resistance above that 1425

2.SBIN Looks week on chart and raaly should be used to exit 1147 and 1192 can be reached But should be used to exit

3.JSW STEEL buy at 210 tgt 224 sl 200

4.Infosys above 1330 sl 1300 tgt 1368

5. Buying is advised in BOB if it crosses 250

6. Sell Punj Lolyd if it breaks 84 with a sl of 87 for a tgt of 77 and 73

We have taken positions in 2600 and 2700 PE keep a sl of 2909 on closing basis.

Happy Trading to all

Bramesh
9985711341

Leave a Reply