Views on Nifty and Road Map Ahead ::: Tuesday 18th May 2010

Sgx nifty closed at 4999 on today made intraday low of 4982

Another successful trade on nifty avg short 5157 >>> 4967 + 190 points (avg nearly + 170)

We are Holding Nil position in Nifty fut as well as stock fut as on closing 17th May 2010

Dow Jones made a good intraday swing from +40 to - 200 to closed in +5 points

 

::: SWING VOLUME PATTERN CHART ::: ::: ITS ALL ABOUT VOLUME GAME ::: 

SVP Chart indicating that we are still on last leg of fall of correction

which indicate we are near the bottom but one or two panic selling can not be rules out

For Intraday i.e 18th May 2010 as well as for positional / carry trade

Sell below 5030 nifty spot

Trg 4980 / 4960 / 4920 / 4870

Stop loss 5070 carry only if close below 4980

Buy above 5080 nifty spot
Trg 5120 / 5156 / 5185 / 5214

Stop loss 5040 carry only if close above 5120

Still we keep our target of 4900 on nifty intact

Closing basis nifty is not below 4830 ... intraday may be possible

Start buying near / below 4900 level's all four stocks we have recmd at prev post

TATASTEEL BWT 520-530 UPSIDE TRG PLUS RS. 200-250
JSPL BTW 610-625 UPSIDE TRG PLUS RS. 200-250
DLF BTW 260-280 UPSIDE TRG PLUS RS. 80-120
KFS BTW 42-46 UPSIDE TRG PLUS RS 20-30
IF WISH CAN ALSO BUY RELCAP BWT 620-650

OM SHRI GANESHAYA NAMAH