Targets For 20-January-2015

Nifty Calls:

Current Level: 8550

Buy: Resistance @ 8570
Buy Nifty above 8570, with a target of 8585-600-10, StopLoss: 8550

Sell: Support @ 8525

Sell Nifty below 8525, with a target of 8515-05-495, StopLoss: 8550

Stock Calls

Buy Ranbaxy Above 660

Current Market Price: 656

Target: 665-70-75

Stop Loss: 654

Buy Dr Reddy's Lab Above 3330

Current Market Price: 3323

Target: 3345-55-65

Stop Loss: 3320

(Note: When a stock or nifty crosses above or below the given levels, make sure that the successive candle also follows the same trend)