NIFTY, Reliance , Tata Steel 3'rd FEB 2010

Dear viewers,

We wrote yesterday

"Initially, above 4930, the resistance is quite likely to be found at 4953 – 4964. Strong supply is likely to come at around 5020."

Nifty made a high around 4951-4952 level. So We closed our call on intraday basis.
Booked profit in reliance at 1057-1058 level.
Tata Steel Achived our target of 587 level.

However We maintain our buy in Tata Steel & Reliance for daily basis.

Trader can go long in reliance at 1027-1030 range for target of 1045-1048. Stop would be 1015-1012.

Trader can go long in Tata Steel at 570-572 range for target of 578-580. Stop would be 563.

Stop Gambling & Start Investing…..


Bye.............