Tuesday, May 20, 2014

Support @ 7250 & 7190

Dear All,

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Nifty trading in between the support and resistance. Break on either side may give the result. So be patience for the same.

>>> ARVIND <<<

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Arvind long call fetched us 20,000 Profit. If the support not taken out - hope for more return.

>>> BIOCON - As updated Yesterday <<<

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Wrote yesterday about the channel support for Biocon and possible bounce back. See what happened today.

>>> Happened and Yet to <<<

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Biocon bounced today from the channel support. So expect more action in coming days.

>>> Tata Steel <<<

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Tata Steel - We shorted @ 470 and part booked @ 465 with 5000 Profit. More fall if break the trend line as shown on chart. We are waiting with rest of the targets. CheerS!!!