Dear Trader,
Nifty closed 5850 on Friday and new week with lot of global events, we may see profit booking ahead of FOMC EVENTS on 17'th and 18'th day. We see Nifty trading between 5970 to 5700 for this week ahead. We expect Reliance to find resistance around 900 to 910 level. L&T find resistance 857-870 & Tisco around 307-318 level.
Trader can Buy put of Reliance at strike of 880 at price of Rs19.50 to 20. with a target of 30 on weekly basis. Trader can Go short around 310-313 in Tisco on a weekly basis for target of 285 (Stoploss of 323).
NIFTY CHARTS 16'TH & 17'th Sep 2013
Nifty closed 5850 on Friday and new week with lot of global events, we may see profit booking ahead of FOMC EVENTS on 17'th and 18'th day. We see Nifty trading between 5970 to 5700 for this week ahead. We expect Reliance to find resistance around 900 to 910 level. L&T find resistance 857-870 & Tisco around 307-318 level.
Trader can Buy put of Reliance at strike of 880 at price of Rs19.50 to 20. with a target of 30 on weekly basis. Trader can Go short around 310-313 in Tisco on a weekly basis for target of 285 (Stoploss of 323).
NIFTY CHARTS 16'TH & 17'th Sep 2013
No comments:
Post a Comment