Stock Trading Method:IFCI,PFC and PNB

PFC PFC has been giving good trading opportunity, as trading in tight band of 203-213.Buy Support and Sell resistance is an ideal strategy to follow in PFC till we see either Breakout or Breakdown. Sell below 210.2 Tgt 208,204.5 and 202 SL 213 Buy above 214 Tgt 216.3,217.5 and 219.5 SL 212.5   PNB PNB … Read more

Stock for short term Trading:Rel Infra,REC Limited and DLF

Rel Infra Reliance Infrastructure will be coming out with its results today.Stock has seen a good bounce back from 512 and came back in channel.Technically till 547 is not crossed stock will remain in pressure. As today results will come volatility will be the name of game in high beta Rel Infra. Buy above 542 … Read more

S&P CNX Nifty Trading Strategy after double bottom formation

1. FIIs  sold 4770 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 134.12 cores with net Open Interest increasing by 560 contracts. 2. As CNX Nifty Future was up by 38 points after 5 days of losing streak with Open Interest in Index Futures increasing by 560, so FIIs have booked … Read more