Weekly Nifty 50 Outlook and Trading Ideas

An Ominous end of Tumultuous Year

In Previous Week Nifty failed to pick gauntlet thrown by market by unable to cross 3110 and falling almost 7%.But this week if 2860-2820 Holds we can see a 3-4 % Santa Rally back to 3k on Nifty.But if war clouds Hover around we can see Nifty back to 2400-2500 Levels.

Nifty Views are updated on
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgX_HA25rfS7gTFpMSZc50P91NPIHRBgBGpswxEQaUwUbxw1HeMLj9zmnnzp0rmiAC4-Clhr2XmcAO-LJnAO1NkfhAVvh3-xIlLikUtkbZqKjGo5gX0g5rlLvEJeDxHQL-eoW08DYBdJuoj/s1600-h/Nifty+50+Weekly+29-02+JAN+2009.bmp



Trading Ideas

BHEL has broken symmetrical Triangle can be shorted with SL as 1354 tgt 1280 and 1244

EDUCOMP BUY BETWEEN 2240-2355 FOR TGT 2525-2650 STOPLOSS BELOW 2210

RELIANCE POSSIBLE UPSIDE 30% FROM 1170-1180 LEVELS.

RELInfra can see a bounceback to 600+ Levsl Sl 512

TATA STEELAbove 215 it go for 221 to 231 level. At downside support at 206 and then 200.

ONGC It is possible to it come down upto 619 level and if break this then slide more upto 597 to 557 level. At upside it face hurdle at 659 if cross this then it go for 681 to 721 level.

United Spirits can be bought for a tgt of 925 and 956 Sl 853

Small Cap Pick

MSK PROKECT buy for 50-100% upside Buy back at 85 cmp around 50

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Regards,

Bramesh
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