Tuesday, April 28, 2009
TIPS FOR 28.04.09
MARKET EXPECTED TO BE HIGHLY VOLATILE AS THIS BEING THE SETTLEMENT WEEK FOR FNO. AS EXPECTED MARKET DIDNT CROSS 3530 YESTERDAY AND THIS BEING THE STRONG RESISTANCE ONE CAN GO SHORT WITH 3530 AS STOPLOSS EVERY RISE CAN BE USED AS AN OPPORTUNITY FOR SHORTING WITH STRICT STOPLOSS OF 3530. THOUGH MARKET DOESNT LOOK WEAK, BUT AT EVERY HIGHER LEVEL THERE IS PROFIT BOOKING TAKING PLACE SO MARKET IN THIS SETTLEMENT MAY NOT CROSS 3450 UNLESS IT IS SUPPORTED BY HUGE BUYING WHICH HAS BEEN SEEN IN THE PAST THREE WEEKS. BE EXTREAMLY CAUTIOUS AS THE MAREKT WOULD REMAIN HIGHLY VOLATILE BUY STRONG STOCKS AND SELL WEAK STOCKS DONT EXIT IN PANIC AS YOU WILL WITNESS ALL THE STOCKS TO BE RANGEBOUND.
SELL GRASIM AROUND 1782 SL 1808 TGT 1775/1737/1703
SELL GRAMMONIND BELOW 78 SL 80 TGT 76.2/74.75
SELL HINDOILEXP FUTURES BELOW 82 WITH SL 84.6 TGT 78/76
BUY IBREALEST ABOVE 130 SL 125 TGT 136/139
BUY LICHSNFIN ABOVE 340 SL 337 TGT 345/349
BUY GTL FUTURES ABOVE 253 SL 250 TGT 259
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