Against Trend Calls for 29 May 2013

ASHOKLEY -> On Short Side at open or spikes
AUROPHARMA -> On Short Side at open or spikes
BATAINDIA -> On Short Side at open or spikes
BHARTIARTL -> On Short Side at open or spikes
IDEA -> On Short Side at open or spikes
JINDALSTEL -> On Short Side at open or spikes
POWERGRID -> On Short Side at open or spikes
OPTOCIRCUI -> On Short Side at open or spikes
COALINDIA -> On Short Side at open or spikes

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Trend Trading Levels for 29 May 2013

NIFTY Hold Long taken at 6081.78 On 27-05-2013 StopLoss 5985.65 | Profit so far 27.62
BANKNIFTY Hold Long taken at 12931.65 On 27-05-2013 StopLoss 12669.38 | Profit so far -32.55
RELIANCE Hold Long taken at 816.78 On 27-05-2013 StopLoss 802.52 | Profit so far 27.37
SBIN Hold Short taken at 2349.77 On 21-05-2013 StopLoss 2158.62 | Profit so far 216.72

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Major Mkt Activity on 28 May 201

Long Build Up: TATAGLOBAL, CESC, HAVELLS, ONGC, TECHM
Short Covering: SRTRANSFIN, BAJAJ-AUTO, JPASSOCIAT, TATASTEEL, HEROMOTOCO

Short Build Up: ULTRACEMCO, SUNTV, ASIANPAINT, HDFCBANK, AMBUJACEM
Long Unwinding: YESBANK, DLF, IBREALEST, RCOM, TATACHEM

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Important Levels for 29 May 2013

NIFTY : Levels to watch are 6148.85 and 6069.95
BANKNIFTY : Levels to watch are 12978.42 and 12819.78
RELIANCE : Levels to watch are 855.03 and 833.28
SBIN : Levels to watch are 2153.4 and 2112.7

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Trend Trading Levels for 28 May 2013

NIFTY Bought at 6081.78 StopLoss 5953.82
BANKNIFTY Bought at 12931.65 StopLoss 12576
RELIANCE Bought at 816.78 StopLoss 788.3
SBIN Hold Short taken at 2349.77 On 21-05-2013 StopLoss 2210.95 | Profit so far 220.97

Posted in FnO |