Sunday, November 8, 2009

Trading ideas for Nov 9th

Dear viewers,

Opening around 4800 will be expected. Then quick trade near 4820. If breakout 4820, then 4835, 4850.

Breakout the level 4865, is only for BULL. If failure to trade above 4865, Bull will kill at this level.

For positional traders,

Stop loss for LONG 4735

Stop loss for SHORT 4865

Watch below levels

4715/4735   4785   4835/4865

so trade will be very slowly and after 2:30 pm one side quick movement will be there.

Buy nifty 4755-4765 sl 4750 targets 4785/4820

Sell nifty 4820-4830 sl 4835 targets 4785/4765

Buy RIL above 1960 sl 1950 targets 1985/2000

Sell RIL below 1950 sl 1960 targets 1925/1910

Buy DLF above 380 sl 375 targets 390/400

Sell DLF below 380 sl 385 targets 370/365

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Happy trading.