LOOK THERE ARE 2 RESISTANCE
TGT 1 - TODAY’S HIGH - 2833,2868 - 2870
WHAT EVER ANNOUNCEMENT COME - MARKET FALL AFTER THAT
COZ TODAYS RALLY AND TOMORROWS RALLY DISCOUNTED GOVT
ANNOUNCEMENT,SO I FEEL GOVT KITNA BHI DE DE - HUM BHIKHMANGO KA PET NAHI BHAREGA
SO I SEE MAY MONDAY OPEN HIGH AND THEN FALL
NOW THE TIMING IS WHEN AND HOW MUCH WE SELL WITH SL 2910 OR 2970
ABOVE THIS MARKET SUITS UP 3110 - 3260
THIS TIME MARKET FALL IN VERY SPEED
AND BREACH Support OF 2525
Reliance Infrastructure (BUY, CMP Rs546, Target Rs580)
Rolta (SELL, CMP Rs154, Target Rs138)
Strategy on Future and Option
~ Short Allahabad Bank December Futures @Rs48-47 for the target price of Rs42 and stop loss placed at Rs51.
~ Long Maruti December Futures @ Rs487 for the target price of Rs525-530 and stop loss placed at Rs460 in 2-3
days.