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Targets for 26-May-2015

Nifty Calls:

Current Level: 8370

Buy: Resistance @ 8405
Buy Nifty above 8405, with a target of 8420-30-40 StopLoss: 8380

Sell: Support @ 8350
Sell Nifty below 8350, with a target of 8335-25-15, StopLoss: 8380

Stock Calls:

Sell Rel Infra Below 430

Current Market Price: 432
Target: 426-22-18
Stop Loss: 435
Sell Larsen And Tourbo Below 1618

Current Market Price: 1630
Target: 1612-06-600
Stop Loss: 1625

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

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Comments

  1. Anonymous25 May 2015 at 17:29

    Is the sell nifty SL correct ?

    ReplyDelete
    Replies
    1. Saketh25 May 2015 at 18:59

      Sorry Sir!! I reduced it.

      Delete
    2. Anonymous25 May 2015 at 19:19

      Thanks sir. Could you please help us with how do find the support and resistance level with sl for Nifty.Thanks in advance

      Delete
    3. Saketh25 May 2015 at 20:04

      Sir I request you to kindly wait for 2 weeks. I am making a series of video tutorials on Technical analysis as well as fundamental analysis. I will be sharing it before June 10th.

      Thank you

      Delete
  2. Anonymous26 May 2015 at 10:16

    Sir, what is your view of SBI..before expiry it up or down..

    ReplyDelete
    Replies
    1. Saketh26 May 2015 at 17:31

      Hello Sir,

      I expect SBI to trade in the range of 295 to 260 any move outside this range can be used to initiate longs or shorts respectively.

      Thank You

      Delete

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