September 8, 2009

Markets fired up

Started of slowly, consolidated well and blasted out during final hour, at last 4800 has been tested. It's a Bull run or not but this is the fact we are almost staying @ 61.8% of total retrace level. Shall we initiate long? yes, if this level is defensed for 2 more days. Open buy call on Nifty achieved full target with ISPAT blasted almost 6%. Hope IFCI may do the same in coming days.

Option Script calls, which i gave on 30 Aug, done 100%++ in 5 days. In that Unitech completed it's mission and Suzlon almost near to the target.

Unitech investment 17000/lot, Profit 21000/lot.(closed)
Suzlon investment 6000/lot , Profit 5100/lot. (Active)

Hindalco did not give entry itself. So consider that as closed.




Nifty future call for today:

Sell Nifty at high's to 4832 SL 4847.... Tgt 4754 - 4710 (intraday).

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