Nifty Weekly View and Tradig Ideas

Hi all

Hope all of you enjoyed good profits in 2800 CE and 2600 and 2700 PE almost 300% Profits for us in Feb series

HDFC given on Blog on Thursday evening gave almost 74 Bucks


Nifty is in a rangebound of 2720-2805 Range and my firm belief Markets are supreme and in short term it always move in a direction in which causes maximum pain to market players.

Put to call Ratio 1.4 which is at upper band

So lets wait for the Range to break for a Positional call Till than we should paly intra day only

Stock specific

Cairn India has formed a Bullish Engulfing Pattern and which can see a BOunce to 185-90 Levels in short term (1-2 weeks) Crude rising is Bullish for this scrip

ABAN offshore is to shorted on evry rise stock can go to sun 280 levels Looks very week on charts but can see a dead cat bounce so it is beeter to short on a bounce

Grasim stock is near its resistance to 1425-30 short at that level for a tgt of 1275-82 with a sl of 1475

NALCO buy if it breaks 210

No option call as of now as premium are bit high

Trade Less and Trade Safely with SL


Regards,

Bramesh

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