Trading Ideas

United Phosphorus closed at its 61.8% Retracement on last Friday at 164 levels.This level should be a significant resistance,Traders should wait for the stock to show pull back till 157 levels to take further position.

And if the stock crosses 167 levels instead of giving a pull back till 157 positions can be taken for targets are 171 and 177 levels.

NALCO:The Stock is making higher bottom and higher top and indicator are also showing positive momentum.Buy near 396 levels for a target of 404 410.

As indicated in Weekly chart 410 level will prove to be a significant resistance.

Reliance Capital:Stock facing resistance at its 50 SMA which is placed at 817.Pivot Resistance is placed at 813 levels,So technically Resistance is in the range of 813-17 Levels.Once that is crossed targets are 821 830 and 200 SMA which is at 851 Levels.

Nifty 50 and Stock Trading

HI all

Hope u all had rocking week as all our calls rocked like anything

Educomp gave up some 600 rs per share

Keep ur self tuned to This blog from more rocking calls

This week nifty can go down and which should be used to buy till 2820

For ur own insurance buy 3100 Put

Stocks specirfic

IOC has made breakout from it's inveted haed and shoulder patten buy for a tgt of 500 sl 380

IDBI buy for a tgt of 74 and 77 sl 67.50

Suntv can rock to 180

PNB will put a good shown in coming week keep sl of rs 500 on all ur positions


Hope u all have a rocking week

Bramesh

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