Sunday, September 5, 2010

Few Futures Trades for Nxt Week

Buy ONGC Fut. @ 1318-1324 Sl-1310 T-1332,1345,1352

Buy Hdil Fut. @ 266 SL-260 T-269,272,280

Buy Dlf Fut. @ 313 SL-308 T-320

Buy Axis bank fut. @ 1370 Sl-1362 T-1378,1385,1400
Ongc at presently trading in a stiff range & manipulated mainly by crude prices.

Whenever Crude rises near to $75 it also rises & whenever crude falls It also falls near to its support level of 1310-1300.

Dlf & Hdil both move now after consolidation & try to take out there previous resistence. A lot of short covering going in both of these counters with reduce in OI & increase in price.

Axis bank is in a continuation bull run towards its new52 week highs,one can take position in it with strict sl for higher levels

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