Monday, August 25, 2008

sell sell sell

NIFTY FUT: If downtrend continues then it will fall up to 4304.60-4306.60 zone. Rallies up to 4371.40 can be used to sell. SL at 4392.80 level.

RELIANCE FUTURES (Update): SL triggered. Bears dominated. If does not cross 2274.30 level then unwinding may continue.

intrday sell nifty too
NIFTY FUT: Sell with a Stop Loss of 4392.80 level. Target at 4336.70-4338.70 zone.

POSITIONAL TRADERS
SHORT BANKINDIA TGT 253,246.
SHORT SAIL TGT 146,142.
CARRY ALL FOR TOMMOROW.
SHORT IN SEPTEMBER SERIOUS AND BUY NIFTY SEPTEMBER PUTS.
CARRY TILL TOMMOROW.SHORT NIFTY SEPT,TGT 4330,4280.
SHORT TILL 4450.BUY 4300 SEPT PUT TGT 170,190.
SHORT RINFRA TGT 970,930.
SHORT RCAP TGT 1220,119

US ECONOMIC VIEW THIS WEEK- (1) MONDAY: Data related to Existing Home Sales.(2) TUESDAY: Data related to New Home Sales along with zconsumer confidence data.(3) WEDNESDAY: EIA Petroleum Status Report.(4) THURSDAY: Corporate Profits, GDP Preliminary data, Jobless Claims and Money supply data will be revealed