Tuesday, May 15, 2012

Be Patient for a Relief Rally


As I wrote Yesterday Nifty today touched the Key Resistance 4950-55 and closed at 4939. Nifty able to come out of the falling wedge - seems like a Break out for an Relief Rally - which should be sw(4). Between the Resistance should be 4970 / 5030 and 5075 should be watched.

Today Performance :-

>>>NIFTY<<<

5/15/2012 9:41:17 AM): *****NIFTY-ALERT***** Buy NIFTY Spot if breaks above 4915 for a Target of 4950 / 4990 with a SL of 4890.

15-05-12, 01-36-28 pm ****NIFTY-Update***** Nifty made a High of 4952. Buy given at 4915. First Target Achieved. Book Partial Profit.

>>>SBIN<<<

5/15/2012 10:46:54 AM): *****STOCK-ALERT***** Buy SBIN if trades above 1862 with a SL of 1835 for a Target of 1890 & 1950

Made a High of 1871 - Holding

>>>IDBI<<<

(5/15/2012 11:55:32 AM): ****STOCK-ALERT***** Buy IDBI above 91.60 for a Target of 93.40 / 94.80 and 96.60 with SL of 90.10

Holding -


>>>ANDHRA BANK<<<

(5/15/2012 12:35:18 PM): ****STOCK-ALERT***** Buy ANDHRA BANK above 105 for a Target of 108 / 110 / 112 & 115.50 with a SL of 102.

Made a High of 107 Near to First Target. Holding