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Sunday, July 25, 2010

Trend of nifty for Next week 25-30


Last week Nifty trade as per our range 5460-5321 make low of 5353 and high of 5474 .

Now what to do for next week???????
there will be some big event in next week like....RBI policy on Tuesday, Result of LNT and Big boss RIL , also monsoon data will be reviled.
And 1 of the most event which affect a lot on movement of Nifty will be expiry.
So nifty will show range bound movement with very high volatility.
Range of nifty for Next week will be....5510--5395
Levels :-- Trigger level 5420 R1/R2 5499-5550 S1/S2 5374-5303

Expiry bet:-- Expiry will be b/w 5400-5500
so any one want to play for expiry for safe gain then
Sell 5400 PE @ Rs 25

Short term Idea:--

Buy Ster 174 Tgt 185-89 Sl 167

Buy Tata steel 530 Tgt 563-572 Sl 510

Buy Hcl tech 372 Tgt 390-402 Sl 365

Buy sail 207 Tgt 213-216 Sl 201

Please share your comments on what you think of market observations, market and trading in general

Regards
Devang

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