[sharetrading] Day Trading Calls with Market Review for 12 Mar 2010

 

Day Trading Calls with Market Review for 12 Mar 2010

After couple of days of dullness, the Nifty showed some action in the final hour of today's trading session, breaking the range of 5147-5068 and also the high of the pop gun candlestick pattern formed yesterday—this is a positive near-term signal. Going ahead, the upside target of 5180, the 78.6% retracement of the fall from 5310 to 4675 and the target of the inverted head and shoulders look to be very much within the reach. The daily momentum indicator continues to be in buy mode, keeping hopes alive for the bulls. On the lower side now, 5094 is a minor support. We continue to maintain our short-term bias up.

 

Nifty Closed  5133

Nifty Support  5094/5068/5049

Nifty Resistance  5180/5221/5292

 

Buy Essar Oil 144 SL 142 TGT 148/151

Sell Tcs Below 780 SL 788 TGT 763

Buy RCOM Above 164.15 SL 161 TGT 168

Sell Tata Motor Below 760 SL 768 TGT 748

--
With Regards,
Kushagra Mehta
http://www.daytrading.in/

__._,_.___

Reply to sender | Reply to group | Reply via web post | Start a New Topic

Messages in this topic (1)

Recent Activity:

• New Members 19

Visit Your Group

Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___