24/02/2011 View of Nifty

Today is the expiry day so more volatility will be there . Banking stocks will have good price fall.

Range for today's Nifty
Support 5421, 5400 , 5385 , 5370
Resistance 5463, 5480 , 5505

Short ICICIBANK at 1020 with stop loss of 1032 for the target of 1000, 985

Short Grasim at 2288 with stoploss of 2305 for the target of 2256 , 2245

Short IDFC at 136.5 with stop loss of  138.1 for the target of 133.5 , 132 , 130

Short SBIN at 2642 with stop loss of 2661 for the target of  2609 , 2575 , 2552

Short Moser-Baer at 40.5 with stop loss of 41.1 for the target of  39 , 38

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