Market - 18 - 08- 2010
NIFTY gave a good closing for the day and if Reliance gives a good breakout on the upper side it can cross 5500 in a goodway....Reliance can give a good breakout only if the shorts are covered just before the expiry of futures on 26-08-2010
Dont buy any premier league bank stocks like SBI...and if u r still holding those positions u can book 75% of ur profits in tht....
still holds a hold position in JSW steel and JK lakshmi cement
1. Book intra day profits at 1143 for JSW steel.,..
ReplyDeleteas predicted yesterday Reliance upmove helped NIFTY to surpass 5500 level ...and SBI as per our expectations is dragging....in early trades....
dont create any fresh positions n SBI
Hold ur Reliance and JSW positional calls
If u have any buy position in NIFTY (Aug) futures u can sell it offff and it s a profit booking time at 5515..u can book profits at 5600 (Oct) call as i mentioned in (17-08) post and wait 4 t 5300 put to be squared off at break even
ReplyDeleteenter Punjloyd at 115 - 116
ReplyDeleteTarget 130
stop loss 112
NIFTY futures upside till 5450...u can book ur first profits if u have any buy positions....
ReplyDeleteIf it breaks that resistance new level wud be created ..but only after t expiry