December 1, 2009

200+ points on Bank Nifty

It was really an amazing day, as Bank Nifty busted out with my expectation. Almost all the script which i gave on my last post, fetched us some descent gains.On the other hand Nifty is firing up to the new high's of this year. I had mentioned about this on Monday, Still a lot a stream left out in this rally. So friends you can silently wait for 5200++ on Nifty with in this week end.


Nifty Spot levels for the day:


5062 - 5091 - 5119 - 5149 - 5174


Never enter short this time quickly. For Bank Nifty major resistance zone is at 9345 to 9360. So once if this level is crossed, we can expect another double century from that counter.Positional call on SBI from 2248 has given 50+ point today. My target for that is 2339.


Stocks to watch today, Rel cap and Rel Infra to trade with long Bias. For TataMotor RSI favoring a short trade. So friends use it.

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