Tuesday, May 17, 2011

18/05/2011 Intraday Trading Ideas

Nifty now has resistance at 5480 so if Nifty comes to 5480 it can be shorted with stop loss of 5510 for the target of 5410 , 5350 .

Levels for Today
Support 5414 , 5400 , 5375 , 5350
Resistance 5456 , 5478 , 5500 , 5520


Short RPOWER at 114 stop loss at 115.4 for the target of 111 , 109
Short TATASTEEL at 580 with stop loss of 585.5 for the target of 570 , 562
Short HINDALCO at 196 with stop loss of 198 for the target of 192 , 189

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