Nifty future Resistance at 4716
Support at 4633
Those who have taken long position in nifty can hold it with Trailing stoploss at 4600 for a target 4850/4930
PREMARKET LEVELS
1.RELIANCE CAPITAL
Above 817 Buy for 825-834-852-878
Below 799 Sell for 791-782-760-738
2.POWERGRID
Above 109 Buy for 110-112-115-125
Below 108 Sell for 107-105-100-94
3.RCOM
Above 260 Buy fr 262-265-268-275-290
Below 257 Sell for 255-252-248-235
4.TATASTEEL
Above 453 Buy for 457-462-473-490
Below 449 Sell for 445-440-430-412
5.ONGC
Above 1178 Buy for 1188-1200-1226-1280
Below 1170 Sell for 1160-1148-1125-1080
6.NIFTY FUTURE
Above 4633 Favors the Bulls, above 4633 for 4643-4658-4670-4688-4716-4887-5150
Below 4605 Favors the bears ,below 4605 for 4595-4570-4533-4470-4150-3830
If we trade around 4688 after open ,Risky takers can initiate a short against the trend below 4688 for 4677-4650-4612-4570 , Reversal Buy above 4716 fr 4728-4755-4850
Good luck
Support at 4633
Those who have taken long position in nifty can hold it with Trailing stoploss at 4600 for a target 4850/4930
PREMARKET LEVELS
1.RELIANCE CAPITAL
Above 817 Buy for 825-834-852-878
Below 799 Sell for 791-782-760-738
2.POWERGRID
Above 109 Buy for 110-112-115-125
Below 108 Sell for 107-105-100-94
3.RCOM
Above 260 Buy fr 262-265-268-275-290
Below 257 Sell for 255-252-248-235
4.TATASTEEL
Above 453 Buy for 457-462-473-490
Below 449 Sell for 445-440-430-412
5.ONGC
Above 1178 Buy for 1188-1200-1226-1280
Below 1170 Sell for 1160-1148-1125-1080
6.NIFTY FUTURE
Above 4633 Favors the Bulls, above 4633 for 4643-4658-4670-4688-4716-4887-5150
Below 4605 Favors the bears ,below 4605 for 4595-4570-4533-4470-4150-3830
If we trade around 4688 after open ,Risky takers can initiate a short against the trend below 4688 for 4677-4650-4612-4570 , Reversal Buy above 4716 fr 4728-4755-4850
Good luck
Wed Oct 05, 2011 12:39 pm by SHARETIPSINFO
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