Pre - Market Calls 14th May 2010PRE - MARKET CALLS
1. Nifty Fut >> 5178.15
- Buy above 5193 > Target 1 – 5207 > Target 2 - 5220 > Target 3 - 5231 > Target 4 - 5240
- Sell below 5164 < Target 1 - 5156 < Target 2 - 5149 < Target 3 - 5126 > Target 4 - 5100
2. Reliance >> 1071.5
- Buy above 1080 > Target 1089 - > Target 2 - 1098 > Target 3 - 1103
- Sell below 1063 < Target 1 - 1058 < Target 2 – 1055 < Target 3 – 1040
3. ICICI Bank >> 927
- Buy above 931 > Target 1 - 934 > Target 2 - 937 > Target 3 - 940
- Sell below 923 < Target 1 - 920 < Target 2 – 917 < Target 3 – 914
4. STER >> 728.65
- Buy above 733 > Target 1 - 738 > Target 2 - 742 > Target 3 - 745
- Sell below 724 < Target 1 - 719 < Target 2 – 717 < Target 3 – 712
- Buy above 5197 > Target 1 - 5215 > Target 2 - 5228 > Target 3 - 5244
- Sell below 5161 < Target 1 - 5147 < Target 2 - 5143 < Target 3 - 5114
6. Tata Power >> 1352.35
- Buy above 1359 > Target 1 - 1365 > Target 2 - 1369 > Target 3 - 1375
- Sell below 1346 < Target 1 - 1340 < Target 2 – 1335 < Target 3 – 1330
RULES FOR TRADING
- All the calls posted above are meant for intra - day trades only.
- The brake out for long side or short side should hold for 1 min or so as per markets are volatile & a spike either sides can be seen.
- Book 50% at the first target & hold rest for second target, safe traders are advised to book full at first target & if one has small quantity then should exit at first target it self.
- Don't take any carry forward positions until its advised to do so, all the trades are strictly intra day trades & never trade bulk.
- STOP LOSS FOR ALL THE ABOVE POSITIONS ARE .8% to .5% as per risk AT THE COST PRICE
- Don't initiate the call when the execution is after 3 pm may be the target wont hit as per lack of time & don't initiate below 9:05 AM.....
- End of RULES which are must to follow & wish you all Good Luck.
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