Pre Market Calls 6th May 2010

PRE - MARKET CALLS

1. Nifty Fut  >> 5120.15

• Buy above 5142 > Target 1 – 5151 > Target 2 - 5164 > Target 3 - 5200 > Target 4 - 5220
• Sell below 5098 < Target 1 - 5086 < Target 2 - 5076 < Target 3 - 5040 > Target 4 - 5026

2. Reliance >> 1021.5

• Buy above 1027 > Target 1033 -  > Target 2 - 1036 > Target 3 - 1042
• Sell below 1016 < Target 1 - 1012 < Target 2 – 1008 < Target 3 – 1001

3. LT >> 1542.1

• Buy above 1550 > Target 1 - 1558 > Target 2 - 1562 > Target 3 - 1571
• Sell below 1534 < Target 1 - 1536 < Target 2 – 1520 < Target 3 –1514

5. ICICI Bank >> 906.7

• Buy above 913 > Target 1 - 916 > Target 2 - 919 > Target 3 - 929
• Sell below 900 < Target 1 - 894 < Target 2 – 884 < Target 3 – 878

6. SBIN >> 2284.7

• Buy above 2297 > Target 1 - 2309 > Target 2 - 2314 > Target 3 - 2329
• Sell below 2272 < Target 1 - 2260 < Target 2 – 2255 < Target 3 – 2240

7. Ster >> 753.2

• Buy above 764 > Target 1 - 769 > Target 2 - 774 > Target 3 - 791
• Sell below 743 < Target 1 - 732 < Target 2 – 721 < Target 3 –715

8. Nifty Spot >> 5124.9

• Buy above 5150 > Target 1 - 5163 > Target 2 - 5175 > Target 3 - 5217
• Sell below 5100 < Target 1 - 5090 < Target 2 - 5074 < Target 3 - 5033

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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