Pre Market Calls 17th May 2010

PRE - MARKET CALLS

1. Nifty Fut  >> 5083.65

• Buy above 5123 > Target 1 – 5142 > Target 2 - 5163 > Target 3 - 5227 > Target 4 - 5250
• Sell below 5044 < Target 1 - 5027 < Target 2 - 5005 < Target 3 - 4940 > Target 4 - 4930

2. Reliance >> 1037

• Buy above 1047 > Target 1054 -  > Target 2 - 1060 > Target 3 - 1073
• Sell below 1027 < Target 1 - 1024 < Target 2 – 1017 < Target 3 – 1001

3. SBIN >> 2213.8

• Buy above 2347 > Target 1 - 2353 > Target 2 - 2381 > Target 3 - 2336
• Sell below 2180 < Target 1 - 2172 < Target 2 – 2147 < Target 3 – 2092

5. ICICI Bank >> 908.7

• Buy above 914 > Target 1 - 917 > Target 2 - 920 > Target 3 - 929
• Sell below 903 < Target 1 - 901 < Target 2 – 896 < Target 3 – 889

6. STER >> 705

• Buy above 714 > Target 1 - 717 > Target 2 - 722 > Target 3 - 737
• Sell below 696 < Target 1 - 692 < Target 2 – 688 < Target 3 – 673

7. LT >> 1530.45

• Buy above 1548 > Target 1 - 1556 > Target 2 - 1566 > Target 3 - 1594
• Sell below 1513 < Target 1 - 1506 < Target 2 – 1495 < Target 3 –1466

8. Nifty Spot >> 5093.5

• Buy above 5127 > Target 1 - 5143 > Target 2 - 5160 > Target 3 - 5215
• Sell below 5060 < Target 1 - 5045 < Target 2 - 5027 < Target 3 - 4972

9. TECH M >> 712

• Buy above 719 > Target 1 - 722 > Target 2 - 726 > Target 3 - 738
• Sell below 705 < Target 1 - 701 < Target 2 – 696 < Target 3 – 686

10. Axis Bank >> 1289

• Buy above 1298 > Target 1 - 1307 > Target 2 - 1317 > Target 3 - 1322
• Sell below 1280 < Target 1 - 1275 < Target 2 – 1271 < Target 3 – 1256

 

DISCLOSED AT 7:26 PM AFTER MARKET HOURS

RULES FOR TRADING

1. All the calls posted above are meant for intra - day trades only.
2. 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.
3. 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.
4. Don't take any carry forward positions until its advised to do so, all the trades are strictly intra day trades & never trade bulk.
5. STOP LOSS FOR ALL THE ABOVE POSITIONS ARE .8% to .5% as per risk AT THE COST PRICE 
6. 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.....
7.  End of RULES which are must to follow & wish you all Good Luck.

Regards

Treasure Captain

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