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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Monday, October 12, 2009

    mkt ahead...

    as said earlier nifty is already in a near to short term profit booking downtrend but had not broken any imp support lvl. sustaining a close above 5025-5030 can set that trend to up again.

    however 4900 is key lvl which has acted as a very good support, a brk on closing of which chance of nifty sliding another 100 odd points.

    nifty closed below thursday low so a bit weak. however it also closed very near/above the support tline from march lows. hence might give a small bounce, to be resisted by falling resis lines on upperside near 5000 and 5040.


    on hourly chart its moving in a triangle-like pattern. one may either play swing within the triangle or wait for brkout/brkdown.

    safe sl for short term posi longs 4900, tsl for intermediate term 4860 closing basis, if the index remains rangebound profitable/tradeable stock specific moves can occur due to the result season going on.

    2 comments:

    Sujatha said...

    Thank u very much :)

    Regards

    abhay r somkuwar said...

    thanks and welcome:)

    regards.

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