Wednesday, October 28, 2009

Trading ideas for Oct 29th

Dear viewers,

Still dow is in -ve, when me updated this post. So gap down open will expect. Today is Expiry of October series.
If Nifty spot will not breakout 4780 at open or before 11:30 am,
DOWN TREND TERMINATE THERE
otherwise
UPTREND TERMINATE THERE

So we will keep watch the level

4780

More chances for bounce back Nifty by SCO.

Forget to trade in oct series. Try to Nov series.

Buy Nifty 4800-4810 sl 4780 targets 4835/4850/4885

Sell Nifty 4790-4800 sl 4820 targets 4775/4750/4735

Buy RIL above 2040 sl 2030 targets 2065/2085

Sell RIL below 2030 sl 2040 targets 2005/1985

Buy DLF above 400 sl 395 targets 410/415/420

Sell DLF below 400 sl 405 targets 390/385/380

We will try to give option tips in coming series.

Happy trading.