Tuesday, June 22, 2010

Nifty Trade for 22-6-10

Good morning Friends, Sorry for late updating.
Yesterday Dow after 110++ comes to -8 in the end.
Due to its our market also respond & open quite lower today,but still holding 5300 mark with huge suports.
As this is the Expiry week we can see a huge Volatility in this week.
As per my calculations Expiry comes in the range of 5260-5440,but I am hoping of a expiry near 5300 as per option data calculations. Lets see yt unfolds

Trades for Toady:-
Buy Nf @ 5280 Sl- 5265 T-5300,5320,5350
Short Nf @ 5360 Sl-5380 T-5340,5320,5300
I am more Biased on short side today.

Trades as per Pivot Trading:

Nifty- Buy above 5347 T-5362,5381 SL-5329
Short Below 5328 T-5313,5295 Sl-5347

Sbi-Buy above-2377 T-2388, 2399 Sl- 2364.
Short below:-2364T-2353,2341 Sl-2376

Icici Bank-Buy above-900 T-907,914 Sl-892
Short below-892 T-885,878

Reliance-Buy above -1065 T-1072,1080 Sl-1056
Short below-1056 T-1048,1040 SL--1065

L&T-Buy above-1828 T-1837,1848 Sl-1816
Short below-1816 T-1807,1796 SL-1827

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