Targets For 19-January-2015

Nifty Calls:

Current Level: 8513

Buy: Resistance @ 8537
Buy Nifty above 8537, with a target of 8550-65-80, StopLoss: 8520

Sell: Support @ 8505

Sell Nifty below 8505, with a target of 8490-75-60, StopLoss: 8525

Stock Calls

Buy Mahindra And Mahindra Above 1310

Current Market Price: 1304

Target: 1317-25-35

Stop Loss: 1300

Buy Bharat Forge Above 1030

Current Market Price: 1018

Target: 1035-40-45

Stop Loss: 1023

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