Nifty Technical View and Trading Ideas

By | May 10, 2009

Hi All,

Hope you all had a rocking week,All calls achieved the tgts and Option call 3500 PE also gave good returns.

Previous Week Trading Stratergy

Now coming to current week now Nifty is facing strong resistance at 3720 Levels and finding it difficult to cross but good thing what happened last friday the levels of 3585 did not broker and we saw a good recovery from that low.Now we have to see if 3720 breaks and we see 200 WMA which stands at 3770 levels.

Stock Specific Ideas

SBIN Long can be initiated above 1332 for a tgt of 1340 1348 1357 1364 1375 1404
Short belwo 1306 for a tgt 1288 and 1276.

Bharti Airtel if it breaks 753.4 Short for a tgt of 739 and 723 and if does not longs can be intiated for a tgt of 784 800.

WWIL buy at cmp 15.5 sl 13.80 tgt 18

Kolte Patil buy at cmp 30 sl 28 tgt 35 and 37

Intra day calls are updated on blog before 10 AM Nifty levels and 1 -2 intra day calls will be updated with support and resistance So keep yourself tuned with blog for gains.

Regards,
Bramesh

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