Sunday, July 3, 2011

Technical view 4 July 2011

Nifty has given some gains on friday's, it has came back from 5700. Beyond 5700, Nifty has strong resistance at 5703-5730 zone, and support exits near 5600.

Our Reliance's stop loss has triggered at 870, we book nearly 12 points loss in that.

Punj Lloyd achieved second target at 76.50, we hot exit from this trade on Friday, our long call in Apollo Tyre still intact, book partial profit at 81.70-82.00 and keep rest for target of 88.
Always trail stop loss near buying price if stock perform and come near target.

Buy IDFC above 136 with strict stop loss at 131 for short term target 142 and for long term target 160.

Happy Trading .....




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