16/03/2011 Intraday Trading Ideas

As we said earlier Nifty is having strong support at 5380 yesterday Nifty bounced from there even though the world market is tumbling but once if it crosses it will taste 5200 still nifty is holding the range 5380-5650

level for today
Support 5420 ,5400 ,5380 , 5350
Resistance 5480 , 5500 , 5530 , 5565

Short DLF at 223.5 with a stop loss of 226 for the target of 219.5 , 216.5 , 212

Short ICICIBANK below 1002 with a stop loss of 1010 for the target of 986 , 979, 965

Short IDEA at 60.5 with a stop loss of 61.2 for the target of 59.1 , 58.3 , 57

Short M&M at 652 with a stop loss of 659 for the target of 641 , 636 , 627

Short MARUTI at 1225 with a stop loss of 1232 for the target of 1214 , 1202 , 1191

Short TATASTEEL at 598 with a stop loss of 604 for the target of 585 , 575 , 560