Pre Market Calls 2nd June 2010

PRE - MARKET CALLS 

1. Nifty Fut  >> 4944.05

• Buy above 4976 > Target 1 – 4990 > Target 2 - 5008 > Target 3 - 5020 > Target 4 - 5060
• Sell below 4912 < Target 1 - 4905 < Target 2 - 4880 < Target 3 - 4860 > Target 4 - 4828

2. Reliance >> 1010.5

• Buy above 1022 > Target 1026 -  > Target 2 - 1033 > Target 3 - 1051
• Sell below 999 < Target 1 - 995 < Target 2 – 988 < Target 3 – 970

3. LT >> 1590

• Buy above 1600 > Target 1 - 1607 > Target 2 - 1611 > Target 3 - 1628
• Sell below 1580 < Target 1 - 1575 < Target 2 – 1569 < Target 3 – 1552

4. ICICI Bank >> 837

• Buy above 846 > Target 1 - 850 > Target 2 - 854 > Target 3 - 869
• Sell below 828 < Target 1 - 825 < Target 2 – 820 < Target 3 – 805

5. Ster >>627.15

• Buy above 636 > Target 1 - 640 > Target 2 - 645 > Target 3 -660
• Sell below 618 < Target 1 - 615 < Target 2 - 609 < Target 3 - 594

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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