Wednesday, July 27, 2011

28/07/2011 Trading Views

Nifty for the day made a high of 5591 and a low of 5521 closed at 5546 which is 28 points down from previous close.

Nifty has broken the channel support so now Nity can be shorted 5545-5560 with stop loss of 5580 for the target of 5505 and 5450.

As today is the F&O settlement a lot of volatality will be there.

Short HEROHONDA at 1805-1815 with stop loss of 1830 for the target of 1755
Short ESSAROIL at 121 with stop loss of 124 for the target of 116
Short REC at 216-214 with stop loss of 220 for the target of 207

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