Here we are with today's (18-OCT-2010) NIFTY Future analysis: Nifty Future is likely to be bearish till its first support level of 6019. If it continues to trade below this level then we see immediate intraday support at 5982 levels. If it trades above 6033, Target for Nifty Future comes to 6060 and 6077 in extension. Our Analysis: BUY NIFTY FUTURE ABOVE 6019 FOR TARGET: 6055 / 6077 STOP LOSS ... [Continue Reading]
POSITIONAL CALL: SELL HINDPETRO FUT AT 503
OUR VIEW: SELL HINDPETRO FUT AT 503, WITH TARGET 493 / 487. STOP LOSS FOR THIS TRADE CAN BE AROUND 506(SPOT). WE SAW BEARISH PATTERN FORMED YESTERDAY AND CONFIRMED THIS TODAY. ... [Continue Reading]
SpiceJet can touch Rs.83 mark soon
As the aviation sector is improving I see that SpiceJet numbers are getting stronger in future. So in my opinion this company should see robust growth in few quarter. SpiceJet stock has been showing strong momentum in past few days, so we recommend to buy this stock around 76 to 78 with target to touch 84. Stop Loss for this position should be placed at 74 levels. ... [Continue Reading]
EUR/USD Intraday Trade for 14-Oct-2010
Our Recommendation : Long positions above 1.4045 with targets @ 1.41 & 1.42 in extension. Alternative scenario: Below 1.4 look for further downside with 1.395 & 1.3895 as targets. Why to go long: The pair stands above its new support and remains on the upside. RSI signals upward move. Levels to watch: 1.42 1.41 1.4091 last 1.4 1.395 If you are not trading forex then goto Forex Trading from menu ... [Continue Reading]
Buy Nifty at 6262 for Target 6287
Recommendation for Nifty for 14-Oct-2010: Buy Nifty around 6262 for target of 6287 / 6299. Stop loss for this trade can be placed at 6246. Comment: Nifty has been consolidating between 6100 and 6200, yesterday it has given a positive breakout following global markets. The daily technical indicators are showing strong bullish pattern. ... [Continue Reading]