Sunday, March 15, 2009

CALLS FOR 16THMAR 2009

Nifty Resistance at 2710-2751-2780
Support at 2633-2570 FOR 16/03/09
(pls use SSL in every trade an DONT WAIT FOR tgts)


PAIR I
BUY JINDALSTEEL1069 SL1030 TGT 1114-1160-1195
SELL HPCL 242 SL249 TGT 236-230

PAIRII
BUY CAIRN 170 SL166 TGT 175-182-188
SELL BPCL 345 SL355 TGT 339-325

PAIRIII
BUY ABAN 254 SL243 TGT265-276-298
SELL NIFTY FUTURES as an HEDGE

TRADE WITH THE PAIR MENTIONED ABOVE SINCE MARKETS VOLATILE FOR THE WEEK AHEAD

APIL Buy IF BREAKS 257 TGT264, 270 SL253
BOMBAY DYEING
Buy IF BREAKS 124 SL121 TGT129, then 134-35
ROLTA Closed at 42.70, Buy IF BREAKS SL41, TGT46, 48, 49 and 52

STRATEGY CORNER:
CONSTRUCT a BULL spread for SAIL81.likely TGT is 90 so BUY CA@RS 4 AN
SELL 90 CA@RS1 THE COST OF THE BULL SPREAD IS RS3 WHICH IS ALSO THE HIGEST LOSS ONE CAN SUFFER THE MAXIMUM PROFIT WILL BE RS7