Trading Ideas for 9-13 March Week

By | March 8, 2009

Hi all

Wish you all a Very Very Happy Holi

We had a so-so Week and will look to rock for the week coming forward

2800 CE was a spoil sport in our rocking Options call performance But we tried to cover our loss from ICICI Bank Short Call which gave us rs10 in intra day trade

Going Forward it is a Holiday Truncated Week, So we will take positions on Intra basis,

NIfty is ready for a bounce till 2700-2720 so it is better to play in 2700 CE buy that around rs 20-22

Stock Specific

SBIN stock is in Oversold Zone BOunce back to 1020-1030 is accepted in coming week

REl Capital looks week on chart can see RS 200 Short with sl of 310

INfy short around 1260 sl 1280

ICICI long can be intiated above 280 for a tgt of 320

Bank of India facing support @191 trade long above that and short below this

Regards,

Bramesh

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