Pre Market Calls 7th May 2010

PRE - MARKET CALLS

1. Nifty Fut  >> 5094.1

• Buy above 5119 > Target 1 – 5130 > Target 2 - 5143 > Target 3 - 5150 > Target 4 - 5184
• Sell below 5069 < Target 1 - 5059 < Target 2 - 5045 < Target 3 - 5032 > Target 4 - 5005

2. Reliance >> 1007

• Buy above 1012 > Target 1015 -  > Target 2 - 1018 > Target 3 - 1026
• Sell below 1002 < Target 1 - 996 < Target 2 – 988 < Target 3 – 980

3. LT >> 1527

• Buy above 1537 > Target 1 - 1543 > Target 2 - 1547 > Target 3 - 1564
• Sell below 1517 < Target 1 - 1514 < Target 2 – 1507 < Target 3 –1490

5. ICICI Bank >> 901.4

• Buy above 907 > Target 1 - 913 > Target 2 - 917 > Target 3 - 923
• Sell below 895 < Target 1 - 890 < Target 2 – 885 < Target 3 – 880

6. Reliance Capital >> 710

• Buy above 716 > Target 1 - 719 > Target 2 - 722 > Target 3 - 731
• Sell below 704 < Target 1 - 698 < Target 2 – 692 < Target 3 – 689

7. Ster >> 737.5

• Buy above 744 > Target 1 - 749 > Target 2 - 754 > Target 3 - 761
• Sell below 731 < Target 1 - 724 < Target 2 – 718 < Target 3 –714

8. Aban >> 1065.2

• Buy above 1076 > Target 1 - 1080 > Target 2 - 1088 > Target 3 - 1106
• Sell below 1054 < Target 1 - 1047 < Target 2 – 1043 < Target 3 – 1024

9. Nifty Spot >> 5090.85

• Buy above 5115 > Target 1 - 5131 > Target 2 - 5139 > Target 3 - 5178
• Sell below 5067 < Target 1 - 5043 < Target 2 - 5020 < Target 3 - 5004

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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