Monday, January 31, 2011

Sureshot Trading Tips


Nifty FEB Future: (5537) Consider for this week...5568-5584 nearest & 5628 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 5700 to your shorts.

Downward side it'll fall down to 5470 & 5426 initially. Break below 5426 it'll fall down further to 5372-5363 & 5314; consider 5363-5314 most crucial support to watch out for buying support not ruled out.
In worst scenario a close below 5314 it'll crash down to 5214 & 5126.

Bank NIFTY Future: (10636) Consider for this week...10497 & 10384 crucial supports to watch out for. A close below 10384 it'll fall down to 10086 & 9761.

Upward side 10823 & 11029 crucial hurdles. A close above 11029 it'll surge up to 11263 & 11460.

MARUTI: (1234) Sell considering 1263-1276 solid resistance keeping stop loss of 1309. Expect 1202 initially. A close below 1202 it'll crash down heavily.

M&M: (697) 717-722 solid resistance up to which selling on higher levels will be seen, keep stop loss of 736 to your shorts. Downward side it'll fall down to 672 & 655-642 initially, which is a crucial support. A close below 642 it'll fall down further.

TATA MOTORS: (1146) Sell considering 1158 & 1171 solid resistance keeping stop loss of 1187. Downward side it'll fall down to 1099, 1065 & 1009.

BAJAJ AUTO: (1255) A close below 1235 it'll crash down to 1116.

BHEL: (2157) Sell on higher levels considering 2176 & 2235 solid resistances keeping stop loss of 2259. Downward side it'll fall down to 2089 & 2048.

CAIRN: (326) Sell considering 332 a solid resistance keeping stop loss of 342. Downward side it'll fall down to 309 & 297.

DR REDDY: (1566) Sell considering 1576 & 1595 solid resistances keeping stop loss of 1626. Break below 1521 it'll crash down to 1456.

HDFC Bank: (2059) Break below 2040 it'll fall down to 1956 & 1905.

HINDALCO: (223) A close below 221 it'll fall down to 208 & 198.

JINDAL STEEL: (664) A close below 653 it'll fall down to 609 & 580.

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