Wednesday, May 26, 2010

nifty

Nifty


Long only above 4875 for sure target 4885 other targets are 4902 (T1), 4921 (T2), 4949 (T3), stoploss is 4843

And

Short only below 4836 for sure target 4825 other targets are 4809 (T1), 4790 (T2), 4762 (T3), stoploss is 4868

Note: T1,T2 are also possible reversal point.

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[1.03] Nifty is currently on LONG, we can take 4858 as SL and can wait for target 4898 crossing this level Nifty will show 4919..other targets later...

Nifty reached target 4919 :)



RANBAXY - MAY Future

[2.30] We can go long on Ranbaxy at current price(412) by keeping 410 as SL for targets 415.40,417, 418.50, 421.20


[3.09] Ranbaxy future reached targets 415.40, 417....EXITED at 417, since Nifty is not crossing 4920 :)

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