Trend Trading Levels for 26 May 2014

BANKNIFTY Bought at 15322.67 StopLoss 14979.23
SBIN Bought at 2568.33 StopLoss 2474.88
NIFTY Hold Long taken at 6747.9 On 09-05-2014 StopLoss 7273.55 | Profit so far 634.2
RELIANCE Hold Long taken at 955.3 On 06-05-2014 StopLoss 1091.13 | Profit so far 174.75

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Major Mkt Activity on 23 May 201

Long Build Up: ASHOKLEY, TATAPOWER, APOLLOHOSP, RECLTD, COLPAL
Short Covering: BHARTIARTL, M&M, M&MFIN, JUSTDIAL, MCDOWELL-N

Short Build Up: TITAN, HAVELLS, HINDALCO, BPCL, AMBUJACEM
Long Unwinding: IBREALEST, SUNTV, APOLLOTYRE, RANBAXY, HINDUNILVR

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Important Levels for 26 May 2014

NIFTY : Levels to watch are 7426.3 and 7337.9
BANKNIFTY : Levels to watch are 15543.7 and 15153.7
RELIANCE : Levels to watch are 1145.4 and 1114.7
SBIN : Levels to watch are 2893.73 and 2612.27

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Against Trend Calls for 23 May 2014

ANDHRABANK -> On Short Side at open or spikes
IDBI -> On Short Side at open or spikes
IFCI -> On Short Side at open or spikes
KTKBANK -> On Short Side at open or spikes
PETRONET -> On Short Side at open or spikes
SYNDIBANK -> On Short Side at open or spikes
TATACHEM -> On Short Side at open or spikes
TITAN -> On Short Side at open or spikes
ULTRACEMCO -> On Long Side at open or dips
UNIONBANK -> On Short Side at open or spikes
IRB -> On Short Side at open or spikes
BAJAJ-AUTO -> On Short Side at open or spikes
DISHTV -> On Short Side at open or spikes
GODREJIND -> On Short Side at open or spikes
ADANIPOWER -> On Short Side at open or spikes
NMDC -> On Short Side at open or spikes
SSLT -> On Short Side at open or spikes

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Trend Trading Levels for 23 May 2014

NIFTY Hold Long taken at 6747.9 On 09-05-2014 StopLoss 7260.35 | Profit so far 545.8
RELIANCE Hold Long taken at 955.3 On 06-05-2014 StopLoss 1084.22 | Profit so far 151.4
BANKNIFTY Hold Short taken at 14859.78 On 21-05-2014 StopLoss 15322.67 | Profit so far -260.62
SBIN Hold Short taken at 2422.33 On 21-05-2014 StopLoss 2568.33 | Profit so far -90.77

Posted in FnO |