October 29, 2009

4750 TO 5300 SOON









Gap down, followed by sluggish trade and ended with a sparkle move, finally hinted something with the close at 4750. I have targeted 5168 from 4950. Then from 5244 as stop loss our target was 4750 to 4661. Here we had our 4750 today and that is the closing rate. What is next?

It's just simple and i give here my open target also. New, year high will be made, means 5200++ in this contract. In my previous post suggested about 4750 level to have a positional long. If any one initiated that will feel lucky to be on longer side.

Cash calls on Rel cap and Rcom will yield good returns in coming week. Tomorrow expecting a close above 4884 which up to me is a bull sign again.





Script Option calls:


Buy DLF 440 call below 10 rs.

Buy RCOM 200 call at open.



This is positional call have to be carried for 3 to 4 days. Stop loss and Target will be updated later in my blog. But trust me there will be minimum 200% profit from these calls.



Nifty spot levels for the day:


4750 - 4824 - 4852 - 4884 - 4930


ICICI going to post it's result tomorrow, so watch a BIG BULL in Bank Nifty and RIL all the way.


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